my question is from economics (eec-11 ) ignou , 2016 , Q6 . what is lindahl equilibrium ? expain with the help of diagram?need this answers.
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The importance of Lindahl equilibrium is that it fulfills the Samuelson condition and is therefore Pareto efficient,despite the good in question being a public one. It also demonstrates how efficiency can be reached in an economy with public goods by the use of personalised prices. The personalised prices equate the individual valuation for a public good to the cost of the public good.
PLZ MARK AS A BRAINLIEST. I NEEDED PLZ MARK AS A BRAINLIEST.
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PLZ MARK AS A BRAINLIEST. I NEEDED PLZ MARK AS A BRAINLIEST.
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Lindahl equilibrium is a state of equilibrium in a quasi-market for a pure public good. Like a competitive market equilibrium, the supply and demand for the good are balanced, in addition to the cost and revenue to produce the good. Lindahl equilibrium depends on the possibility of implementing an effective Lindahl tax, first proposed by the Swedish economist Erik Lindahl.
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