REC101 Lecture Notes - Lecture 16: Externality, Participaction, Health Canada
16 Oct 2011
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Document Summary
Profile of the public leisure sector in canada. Government is more effective in forwarding certain social purposes: externalities -> the impact of the services , public sector is concerned with externalities , especially negative externalities, so that. There are certain activities of such moral significance they should not be provided by the market. It is political , this is what makes it unique than the other sectors: the choice of what to make a public service -> it might be experience to maintain. Accessibility: making service accessible to those who would otherwise have no access, because these services are expensive , the public sector makes it available to all. Externalities: costs or benefits are not taken into account by producers or consumers. Information asymmetries: reduces inventive for producer to oversupply or the consumer to under-demand , will provide the service irrespective to the cost because they are focused on the provision of that service to the public.
