Love is good, but what kind of
a good is it? Justify your answer by explaining the different types
of goods based on the principles of rivalry, exclusivity and congestibility.
(15 pts)
I
think love is a congestible good.
It is not a rivalry good because when somebody
loves someone the first time and it didn’t work, that somebody isn’t a ‘used’
good that will have depreciating value, in fact the learning will make him a
better lover as long as he already moved on. A rivalry good is when consumption decreases the value of the good for the next
user.
It is not an exclusive good because we don’t love just because someone is
giving us reasons to love. Love can be one-sided. And yet it is still love. It doesn't discriminate to the ones who cannot pay the price of love, which is the very essence of exclusive goods.
And
so therefore it is a congestible good, a congestible good is a good that is
affected by congestion or too much users using it. It doesn’t depreciate the
person like a rivalry group if it isn’t congested. Just like in love, you
should only love a single person. Nor it discriminates the resources of a user, because it has a fixed price and is efficient if it isn't congested. On the case of Love, we should only love 'the one', to avoid congestion.
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