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Buchholz, Wolfgang ; Peters, Wolfgang

Justifying the Lindahl Solution as an Outcome of Fair cooperation

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

Veröffentlichungsdatum dieses Volltextes: 05 Aug 2009 13:49
Artikel
DOI zum Zitieren dieses Dokuments: 10.5283/epub.5125


Zusammenfassung

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 ...

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 the benefit principle on the one hand and the equal sacrifice principle (or, equivalently, a non-envy condition) as a postulate for distributional equity on the other. Fairness among agents with different preferences and incomes is taken into account by considering their marginal willingness to pay as shadow prices. In this way, the reason why the Lindahl solution can be perceived as an outcome of fair cooperation might become more understandable.



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Details

DokumentenartArtikel
Titel eines Journals oder einer ZeitschriftPublic Choice
Verlag:SPRINGER
Ort der Veröffentlichung:DORDRECHT
Band:133
Nummer des Zeitschriftenheftes oder des Kapitels:1-2
Seitenbereich:S. 157-169
DatumOktober 2007
InstitutionenWirtschaftswissenschaften > Institut für Volkswirtschaftslehre und Ökonometrie > Entpflichtete oder im Ruhestand befindliche Professoren > Lehrstuhl für Finanzwissenschaft, insbesondere Umweltökonomie (Prof. Dr. Wolfgang Buchholz)
Identifikationsnummer
WertTyp
10.1007/s11127-007-9184-7DOI
Stichwörter / KeywordsPUBLIC-GOODS; EQUITY; PROVISION; INCOME; COMPETITION; EQUILIBRIA; EFFICIENCY; TAXATION; public goods; Lindahl equilibrium; benefit principle; fairness; equity
Dewey-Dezimal-Klassifikation300 Sozialwissenschaften > 330 Wirtschaft
StatusVeröffentlicht
BegutachtetUnbekannt / Keine Angabe
An der Universität Regensburg entstandenUnbekannt / Keine Angabe
Dokumenten-ID5125

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