Lindahl and Equilibrium

Anne Nouweland ()
Additional contact information
Anne Nouweland: University of Oregon

A chapter in Individual and Collective Choice and Social Welfare, 2015, pp 335-362 from Springer

Abstract: Abstract This paper demonstrates that there is a discrepancy between the ideas expressed by Lindahl in 1919 and the current-day definition of Lindahl equilibrium. It describes how the ideas expressed by Lindahl developed into the equilibrium concept for public good economies that now carries Lindahl’s name. The paper also touches on a seemingly forgotten equilibrium concept for public good economies known as ratio equilibrium, and explains that from an axiomatic perspective this equilibrium concept is a better fit with the ideas expressed by Lindahl.

Keywords: Lindahl equilibrium; Ratio equilibrium; Public good economies (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (5)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:stcchp:978-3-662-46439-7_18

Ordering information: This item can be ordered from
http://www.springer.com/9783662464397

DOI: 10.1007/978-3-662-46439-7_18

Access Statistics for this chapter

More chapters in Studies in Choice and Welfare from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().