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16 - Intergenerational clubs

Published online by Cambridge University Press:  05 June 2012

Richard Cornes
Affiliation:
Australian National University, Canberra
Todd Sandler
Affiliation:
University of Southern California
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Summary

This chapter is concerned with clubs in which multiple overlapping generations of members share a club good. For such intergenerational clubs, the life span of the shared good exceeds the membership span of the founding members, so that the good is shared among generations until the time span of the good is exhausted. Many clubs are intergenerational in character and deserve study. In particular, decisions with respect to city management, national parks, highways, and the design of school districts can profit from the principles of intergenerational clubs developed here. But the list does not end there. Universities are intergenerational clubs, since multiple generations of students and faculties share the campus. Even “Spaceship Earth” can be thought of as an intergenerational club good, shared by humans and other earth-dwelling inhabitants. This analogy holds whenever the earth's population is endogenous. The utilization of the electromagnetic spectrum is yet another example. Fraternities, professional associations, and religious groups are still other examples.

A class of examples of much current interest includes intergenerational commons, such as hunting grounds, the oceans, the troposphere, the stratosphere, and tropical forests. Consider a tract of tropical forest owned in common by a tribe of indigenous people who use and pass on the tract and its species from one generation to another. In essence, the generations and their shared tract constitute an intergenerational club. If current tribe members are interested in their children's well-being, or will be dependent on their children to support them during retirement, then each generation will be concerned about atemporal and intertemporal implications of their use of the forest.

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Publisher: Cambridge University Press
Print publication year: 1996

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  • Intergenerational clubs
  • Richard Cornes, Australian National University, Canberra, Todd Sandler, University of Southern California
  • Book: The Theory of Externalities, Public Goods, and Club Goods
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9781139174312.017
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  • Intergenerational clubs
  • Richard Cornes, Australian National University, Canberra, Todd Sandler, University of Southern California
  • Book: The Theory of Externalities, Public Goods, and Club Goods
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9781139174312.017
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Intergenerational clubs
  • Richard Cornes, Australian National University, Canberra, Todd Sandler, University of Southern California
  • Book: The Theory of Externalities, Public Goods, and Club Goods
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9781139174312.017
Available formats
×