Author: | Silvestre, J. |
Title: | Wicksell, Lindahl and the theory of public goods |
Journal: | Scandinavian Journal of Economics
2003 : VOL. 105:4, p. 527-553 |
Index terms: | Bargaining Power Public goods |
Language: | eng |
Abstract: | This article reviews Wicksell's and Lindahl's ideas on public goods and decisions in light of later developments in the theoretical economics litrature. The author begins by discussing their normative ideals, in particular the notion of justness, and the sources of the difficulties in reaching them. Wicksell's and Lindahl's ideal states, as well as the obstacles that they perceive, are compared to more recent views on free riding and on the behaviour of elected representatives. |
SCIMA