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Lindahl and Equilibrium

In: Individual and Collective Choice and Social Welfare

Author

Listed:
  • Anne Nouweland

    (University of Oregon)

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.

Suggested Citation

  • Anne Nouweland, 2015. "Lindahl and Equilibrium," Studies in Choice and Welfare, in: Constanze Binder & Giulio Codognato & Miriam Teschl & Yongsheng Xu (ed.), Individual and Collective Choice and Social Welfare, edition 127, pages 335-362, Springer.
    • Handle: RePEc:spr:stcchp:978-3-662-46439-7_18
    DOI: 10.1007/978-3-662-46439-7_18
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    Citations

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    Cited by:

    1. Anne van den Nouweland & Agnieszka Rusinowska, 2020. "Bargaining foundation for ratio equilibrium in public‐good economies," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(2), pages 302-319, April.
    2. A. van den Nouweland, 2019. "Demand for public good as a correspondence of cost shares," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(1), pages 155-164, May.
    3. Nikhil Garg & Ashish Goel & Benjamin Plaut, 2021. "Markets for public decision-making," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 56(4), pages 755-801, May.

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