Abstract

Scientific discoveries can be classified as public goods. Arrow (1962) discussed properties of knowledge that make it a public good; highlighting in particular, the fact that it cannot be depleted when shared, and once it is made public others cannot easily be excluded from its use. So, public good is a commodity or service that is provided without profit to all members of a society, either by the government or by a private individual or organization. Thus, a global public good is a public good that goes beyond borders, and CERN scientific output is the perfect example of a global public good.

Citation

Loureiro M.L., Alló M. (2021) How to Value Public Science Employing Social Big Data?. In: Beck H.P., Charitos P. (eds) The Economics of Big Science. Science Policy Reports. Springer, Cham.

Keywords

Science; CERN;