Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10010677842
This paper defines a general equilibrium model with exchange and club formation. Agents trade multiple private goods widely in the market, can belong to several clubs, and care about the characteristics of the other members of their clubs. The space of agents is a continuum, but clubs are...
Persistent link: https://www.econbiz.de/10005332319
Persistent link: https://www.econbiz.de/10005146070
This paper defines a general equilibrium model with exchange and club formation. Agents trade multiple private goods widely in the market, can belong to several clubs, and care about the characteristics of the other members of their clubs. The space of agents is a continuum, but clubs are...
Persistent link: https://www.econbiz.de/10005077047
This paper defines a general eqilibrium model with exchange and club formation. Agents trade multiple private goods widely in the market, can belong to several clubs, and care about the characteristics of the other members of their clubs. The space of agents is a continuum, but clubs are finite....
Persistent link: https://www.econbiz.de/10005749534
We study large finite club economies in which agents can belong to several clubs, and care about the characteristics of the other club members. Club memberships must be integer consistent in aggregate. We show that states in the approximate core can approximately be decentralized by prices for...
Persistent link: https://www.econbiz.de/10005543510
Persistent link: https://www.econbiz.de/10001405863
Persistent link: https://www.econbiz.de/10001638696
Persistent link: https://www.econbiz.de/10003371921
Persistent link: https://www.econbiz.de/10007666894