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In the News

Public goods in action - Venice uses a new flood barrier system

Geoff Riley

6th October 2020

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Flood defence projects don't come much more ambitious than the Mose flood barriers erected to protect the people and businesses of Venice.

They are now in use after installation and this World Economic Forum article considers their importance to a tourist hotspot at increasing risk from rising seas in the Adriatic.

Consider the main characteristics of a public good and think about the extent to which flood defence meets these requirements.

A* Evaluation: Public Goods and Market Failure

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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