Groups, collective decisions and markets

• 成果类型: Article
• 署名作者: Gersbach, Hans; Haller, Hans
• 署名单位: Swiss Federal Institutes of Technology Domain; ETH Zurich; Virginia Polytechnic Institute & State University
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1016/j.jet.2010.10.004
• 发表日期: 2011
• 页码: 275-299
• 关键词: household behavior; Household formation; Collective decision making; general equilibrium

摘要

We consider a general equilibrium model where multi-member households make efficient collective consumption decisions and operate in a competitive market environment. Individuals have the option to leave the household and make it on their own or join another household. We study the effect of these outside options on household formation, household stability and equilibrium existence. (C) 2010 Elsevier Inc. All rights reserved.