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U-Read and Blockbuster Books? Why do we have public libraries? Why don’t people rent books from fi rms, just as they rent trucks, roto tillers, and DVDs? We have U-Haul, so why not U-Read? We have Netfl ix, so why not Netbooks?

Chapter 16, Problem 1

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QUESTION:

U-Read and Blockbuster Books?

Why do we have public libraries? Why don’t people rent books from firms, just as they rent trucks, roto tillers, and DVDs? We have U-Haul, so why not U-Read? We have Netflix, so why not Netbooks?

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Questions & Answers

QUESTION:

U-Read and Blockbuster Books?

Why do we have public libraries? Why don’t people rent books from firms, just as they rent trucks, roto tillers, and DVDs? We have U-Haul, so why not U-Read? We have Netflix, so why not Netbooks?

ANSWER:

Step 1 of 2

Libraries are more than just books. A library is a public good a local government provides its citizens. Education is the dominant program for local government, with nearly half of total expenditures, 90 percent of which goes to elementary and secondary Education.

The library has three characteristics that every public good possesses:

1) Non-excludable

2) Non-rival

3) Its benefits are confined to a relatively small geographical area.

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