Lindahl and Equilibrium

42 Pages Posted: 19 May 2013 Last revised: 6 Sep 2013

See all articles by Anne van den Nouweland

Anne van den Nouweland

University of Oregon - Department of Economics

Date Written: August 30, 2013

Abstract

This paper demonstrates that there is a discrepancy between the ideas expressed in Lindahl (1919) and the current-day definition of Lindahl equilibrium. It describes how the ideas expressed by Lindahl (1919) 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 in Lindahl (1919).

Keywords: Public Good Economies, Lindahl Equilibrium, Ratio Equilibrium, Axiomatization

JEL Classification: H41, B16, C79

Suggested Citation

van den Nouweland, Anne, Lindahl and Equilibrium (August 30, 2013). Available at SSRN: https://ssrn.com/abstract=2266604 or http://dx.doi.org/10.2139/ssrn.2266604

Anne Van den Nouweland (Contact Author)

University of Oregon - Department of Economics ( email )

Eugene, OR 97403
United States
541-346-1267 (Phone)
541-346-1243 (Fax)

HOME PAGE: http://https://sites.google.com/view/annevandennouweland/

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