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Lindahl equilibrium (H4)<br />A set of 'Lindahl prices' such that at those prices everyone demands the same level of each PUBLIC GOOD. These prices are individuals' shares of the tax burden. This equilibrium is the equivalent of a competitive equilibrium for an economy with public goods. When in equilibrium, the tax rate for an individual will equal his or her marginal utility from that public good. All markets for private goods are perfectly competitive and the government provides public goods. PARETO OPTIMALITY is achieved by an appropriate redistribution of income.<br /><em>Reference</em><br />Milleron, J.C. (1972) 'Theory of value with public goods: a survey article', Journal of Economic Theory 5: 419-77.
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<strong>ELM-NDN</strong> – ELM' s National Disbursing Network (NDN), which provides consolidated disbursement services to schools.
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<strong>Office of Postsecondary Education (OPE)</strong> – A division of the U.S. Department of Education that directs, coordinates, and recommends policies for programs that are designed to provide financial assistance to eligible students. May be found on the world wide web at
http://www.ed.gov/about/offices/list...ex.html?src=oc.
core inflation rate (E3)<br />The underlying trend in INFLATION which depends solely on past labour and capital costs and firms' EXPECfATIONS of changes in these costs. This rate changes only if expectations based on extrapolating from past costs change. To bring the core inflation rate of a major economy, such as the USA's, down to zero could require a steady fall in national output for several years. This rate is usually estimated by excluding volatile food and energy prices from the CONSUMER PRICE INDEX.<br /><em>See also:</em> headline rate <br /><em>Reference</em><br />Eckstein, 0. (1981) Core Inflation, Englewood Cliffs, NJ, and London: Prentice HalL
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Hot monetary issues
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