Ellickson, Bryan; Grodal, Birgit; Scotchmer, Suzanne; … - Department of Economics, University of California-Berkeley - 1997
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...
