Club Theory and Household Formation

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 newhousehold and valuation equilibria prove equivalent in the absence of consumption externalities, but not in their presence

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Year of publication:	2009
Authors:	Gersbach, Hans ; Haller, Hans
Publisher:	[S.l.] : SSRN
Subject:	Clubtheorie \| Club theory \| Haushaltsökonomik \| Household economics \| Allgemeines Gleichgewicht \| General equilibrium

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Extent:	1 Online-Ressource (30 p)
Series:	CER-ETH - Center of Economic Research at ETH Zurich, Working Paper ; No. 09/110
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 2009 erstellt
Other identifiers:	10.2139/ssrn.1434383 [DOI]
Classification:	D13 - Household Production and Intrahouse Allocation ; D50 - General Equilibrium and Disequilibrium. General ; D62 - Externalities ; D71 - Social Choice; Clubs; Committees; Associations
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014206305