Equilibrium concepts in the large-household model

This paper formulates equilibrium concepts in the large (non atomic) household model under the team notion, characterizes a class of equilibrium allocations, explores whether an equilibrium allocation in the large-household model is a limit of equilibrium allocations in the finite-household model, and establishes existence of equilibrium allocations generated by generalized Nash bargaining.

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Year of publication:	2008
Authors:	Zhu, Tao
Published in:	Theoretical Economics. - New York, NY : The Econometric Society, ISSN 1555-7561. - Vol. 3.2008, 2, p. 257-281
Publisher:	New York, NY : The Econometric Society
Subject:	Search \| large household \| equilibrium concept \| team

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	895404117 [GVK] hdl:10419/150112 [Handle] RePEc:the:publsh:315 [RePEc]
Classification:	D51 - Exchange and Production Economies ; E40 - Money and Interest Rates. General ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10011599403