Thursday, July 03, 2008

Soul Economics


Here's a fun story about a New Zealand man selling his soul to Hell Pizza.

Souls might just be the textbook example of a pure public good. Whatever consumption comes from it, it's certainly purely non-rivalrous, and equally purely non-excludable. Which means that the welfare maximizing price for his soul is nothing.

2 comments:

Gabriel said...

Ahem... Lindahl prices.

(Because you need to fund it *some* way.)

Matt E. Ryan said...

Not welfare maximizing, however. ;)