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merit good
noun
A commodity that an individual or society should have on the basis of some concept of need, rather than ability and willingness to pay.
Exact(4)
Education has long been considered merit good; however, inequitable distribution has made it more akin to a toll good.
Governments view housing as a merit good and provide a range of financial subsidies to improve housing outcomes for households.
This paper considers whether online options facilitate education as a merit good, or if they extend education as a toll good.
Monier-Williams' Sanskrit-English Dictionary lists several, including: conduct, duty, right, justice, virtue, morality, religion, religious merit, good work according to a right or rule, etc.
Similar(56)
The concept of merit goods assists governments in deciding which public or other goods should be supplied.
Merit goods are commodities that the public sector provides free or cheaply because the government wishes to encourage their consumption.
Paternalism, merit goods and specific egalitarianism are concepts we sometimes meet in the literature.
The discourse on merit goods, however, features economic regulation, such as subsidies or, conversely, taxation of demerit goods (such as non-renewable fuels).
Nudging is typically applied to merit goods (and services) [33], as in renewable energy, but also in health (care and food) and education.
No quantitative studies on vouchers for merit goods considered impact on skilled attendance at birth.
Five studies of vouchers for merit goods that promote maternal health were included.
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