Now I am wondering if this dichotomy fits within the traditional 4-way division of all goods, i.e., via wikipedia:
|Private goods |
|Common-pool goods |
fish stocks, timber, coal
|Club goods |
private park, irrigation infrastructure
|Public goods |
Does this make sense? Is it merely an artifact of my definition? I KNOW that water can move from one to another (club good aquifer can turn into common pool good among those who share it or a [public good] wetlands that turns into a [club or common pool] reservoir), but I am trying to understand these definitions for water IN USE.
Addendum: I can see how water can move from non-rival (price = 0) to rival (price > 0) as an increasing rate of consumption turns water from a renewable to a non-renewable resource (within a relevant timeframe).
Addendum (2016): Environmental are non-excludable!