asymmetric equilibrium featuring household specialization can arise. Examples where the asymmetric equilibrium is welfare …

Collective consumption decisions taken by the members of a household may prove inefficient. The impact on market … performance depends on whether household inefficiencies are caused by inefficient net trades with the market or by inefficient …

to getaccess to resources without support from unemployment compensation. Analysing a household survey from 1995, we find … that the household formation response of the unemployed is the critical way in which they assure access to resources. In … particular, unemployment delays the setting up of an individual household of young people, in some cases by decades. It also …

analysis of household behavior utilizes a modified version of Gary Becker s model of the household as a combined producer-consumer. …

Empirically analyzing household behavior usually relies on informal data preprocessing. That is, before an econometric … German micro-data on household expenditure to estimate equivalence scales as a specific example. Our results show that …

information structure and labor supply decisions follow the Mirrleesian tradition. However, while the household’s total …