Club Good
Definition
A club good is a type of good that is excludable but non-rivalrous in consumption. This means that the good can be restricted to certain individuals, but one person's consumption does not diminish the availability for others.
Analogy
Imagine a movie theater where only ticket holders are allowed inside. Once you have your ticket, you can enjoy the movie without affecting other people's ability to watch it.
Related terms
Public Good: A public good is non-excludable and non-rivalrous in consumption, meaning it is available to everyone and one person's use does not reduce its availability for others.
Excludability: Excludability refers to the ability to restrict or exclude individuals from using a particular good or service.
Non-Rivalry: Non-rivalry means that one person's consumption of a good does not reduce its availability for others.
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