Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
957165 | Journal of Economic Theory | 2011 | 25 Pages |
Abstract
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Hans Gersbach, Hans Haller,