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  • Brainly User
2016-03-28T13:57:22+05:30
A concept that proposes that individuals pay for the provision of apublic goodaccording to theirmarginal benefitsin order to determinethe efficient level of provisionfor public goods. In theequilibriumstate, all individuals consume the same quantity of public goods but may face different prices because some people may value a particular good more than others. The Lindahl equilibrium price is the resulting amount paid by an individual for his or her share of the public goods.
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2016-03-28T16:56:17+05:30
A concept that proposes that individuals pay for the provision of apublic goodaccording to theirmarginal benefitsin order to determinethe efficient level of provisionfor public goods. In theequilibriumstate, all individuals consume the same quantity of public goods but may face different prices because some people may value a particular good more than others. The Lindahl equilibrium price is the resulting amount paid by an individual for his or her share of the public goods.
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