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club good
Club goods (also artificially scarce goods) are a type of good in economics, sometimes classified as a subtype of public goods that are excludable but non-rivalrous, at least until reaching a point where congestion occurs. These goods are often provided by a natural monopoly. Club goods have artificial scarcity. Club theory is the area of economics that studies these goods.〔Suzanne Scotchmer, 2008. "clubs," ''The New Palgrave Dictionary of Economics'', 2nd Edition. (Abstract. )〕
==Where club goods are found==
Examples of club goods include, cinemas, cable television, access to copyrighted works, and the services provided by social or religious clubs to their members. The EU is also treated as a club good.〔Ahrens, Joachim, Hoen, Herman W. And Ohr, Renate (2005): "Deepening Integration in an Enlarged EU: A Club-Theoretical Perspective", in: European Integration, Vol. 27, No. 4, pp. 417 - 439.〕
Public goods with benefits restricted to a specific group may be considered club goods. For example, expenditures that benefit all of the children in a household but not the adults. The existence of club goods for kids may offset the effects of sibling competition for private investments in larger families.〔 Jones, Kelly M (2014) ("Growing Up Together: Cohort composition and child investment )," ''Demography'' 51(1):229-255.〕
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