Abstract
As a contribution to policy planning for public goods provision, Part I of this multi-disciplinary article critically reviews the literature and facts for and against the 1974 paper by Ronald Coase on the lighthouse; discusses theoretical issues omitted; and develops a model that characterises an alternative mode of light due collection under different cost and demand conditions. The review and discussion, informed by the precise meanings of key concepts of public goods and a free market, are relevant for a study and application of the economics of planning as well as the changing nature of the lighthouse due to technological advances in shipping.
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