We consider firms and multi-member households operating in a competitive market environment. Households are endowed with resources (commodity bundles) and shares of firm ownership. Household members are characterized by individual preferences, possibly with intra-household consumption...

SFB 649 Discussion Paper 2006-054 On the Coexistence of Banks and Markets Hans Gersbach* Harald Uhlig** * University of Heidelberg and CEPR ** Humboldt-Universität zu Berlin, Deutsche Bundesbank, CentER and CEPR This research was supported by the Deutsche...