English, Article, Journal or magazine article edition: Club Theory and Household Formation Gersbach, Hans; Haller, Hans

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Bookmark: http://trove.nla.gov.au/version/43722
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Club Theory and Household Formation
Author
  • Gersbach, Hans
  • Haller, Hans
Physical Description
  • preprint
Notes
  • The relationship between our general equilibrium model with multi- member households and club models with multiple private goods is investigated. The main distinction in the definitions consists of the equilibrium concepts. As a rule, competitive equilibria among households where no group of consumers can benefit from forming a new household and valuation equilibria prove equivalent in the absence of consumption externalities, but not in their presence.
  • RePEc:xrs:sfbmaa:08-11
Language
  • English
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