Erik Lindahl
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Erik Robert Lindahl (November 21, 1891 in Stockholm – January 6, 1960 in Uppsala) was a Swedish economist and a member of the Stockholm school.
In 1919, Lindahl proposed a method of financing public goods that was close to a free market solution and is today known as benefit pricing. This methods leads to a so called Lindahl equilibrium. The prices determined in equilibrium are called Lindahl prices. The major detriment of Lindahl's device is that it is not incentice compatible: It imposes a free rider problem.
[edit] Works (small selection)
- 1939: Studies in the Theory of Money and Capital
- 1919: Die Gerechtigkeit der Besteuerung (German, translated as Just Taxation: A positive solution, 1958)
[edit] External links
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