| That increase, which operates notwithstanding the excludability of the COD income, flows out to the partners on the last day of the partnership's tax year under Sec. |
| The issue of excludability discussed earlier also hinges on contract costs. |
| In practice, private goods exist along a continuum of excludability and rivalry and can even exhibit only one of these characteristics. |
| However, the new techniques used in their creation have exhibited both high natural excludability and immense commercial value. |
| Over time, however, the researcher may multiply the genetic material or reproduce it in another animal, raising questions about the continuing excludability of the good. them. |
| The absence of excludability and rivalry introduces market failures that ensure that some goods and services cannot be efficiently provided by markets. |
