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Text Commentary

Seinfeld Economics: The Cheever Letters (Golf Course)
by Linda Ghent `

A common resource is a type of good consisting of a natural or human-made resource system, whose size or characteristics makes it costly, but not impossible, to exclude potential beneficiaries from obtaining benefits from its use. Unlike pure public goods, common resources face problems of congestion or overuse, because they are rival. Examples of common resources include irrigation systems, fishing grounds, pastures, forests, water or the atmosphere.

This Commentary is related to the following Clips:
Seinfeld: The Cheever Letters (Golf Course) by Larry David & Jerry Seinfeld (1992) Kramer has been playing on a private golf course, but has lost his access. He gives an impassioned speech about what it's like to play on a public course—the crowds, the brown patches of grass, etc.