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Justifying the Lindahl Solution as an Outcome of Fair cooperation

Buchholz, Wolfgang and Peters, Wolfgang (2007) Justifying the Lindahl Solution as an Outcome of Fair cooperation. Public Choice 133 (1-2), pp. 157-169.

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Abstract

The motivation for the Lindahl equilibrium is mostly a rather artificial price mechanism. Even though the analogy to a competitive market was emphasised by Lindahl himself, his approach does not directly explain the normative ideas behind his concept. In the present paper we therefore show how the Lindahl equilibrium can be deduced from some simple equity axioms. These normative assumptions are ...

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Item type:Article
Date:October 2007
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Finanzwissenschaft, insbesondere Umweltökonomie (Prof. Dr. Wolfgang Buchholz)
Identification Number:
ValueType
10.1007/s11127-007-9184-7DOI
Keywords:Public goods; Lindahl equilibrium; Benefit principle; Fairness; Equity
Dewey Decimal Classification:300 Social sciences > 330 Economics
Status:Published
Refereed:Unknown
Created at the University of Regensburg:Unknown
Item ID:5125
Owner only: item control page

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