Cybersecurity

· A public good is non-rivalrious, meaning use of the good does not reduce the amount available. · Public goods are non-excludable, there is no way to stop other people from receiving them. · Cost/benefit can be incurred without a transaction. You can have the benefit without the cost or vice versa. · Free-riding : occurrance without the transaction. Consuming more than the fair share of a public resources, or shoulder less than a fair share of the cost of its production. · Private goods are rivalrous. Consumption reduces the amount of the good left for others. · Private goods are excludable, you can stop others from receiving them.
 * Cybersecurity as a Public Good **
 * What is a public good? **
 * Whate are private good? **

No. · Cybersecurity should be a condition available to everyone. · Major goal is to avoid cyber terrorism. · If financial institutions were attack that would have ripple effect on the nation. (Cyberterrorism) · If it is a public good, we will observer a market failure if they the private does not invest in cybersecurity. · Do companies invest in cybersecurity? Yes · Is to their beneift to invest in cybersecuirty? Yes · Security events tend to be __rare__ and __castostroprophic.__ · Government regulation would be the solution to marketfailure. · Torte law (common law) – allowing for civil suites · Liability (which is favored) – holding the companies liable for damage · Market discover : you want to market test for threats and responds accordingly · Over regulation is reactive
 * Is Cybersecurity a public good? **
 * Is Cybersecurity as a condition? **
 * Externalities **
 * Reasons why it is not a public good? **
 * Policy **