Equilibrium Concepts in the Large Household Model

This paper formulates equilibrium concepts in the large (non atomic) household model under the team interpretation, characterizes a class of equilibrium allocations, explores whether an equilibrium allocation in the large-household model has a foundation in the finite-household model, and establishes the existence of equilibrium allocations generated by generalized Nash bargaining.

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Year of publication:	2007
Authors:	Zhu, Tao

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Zhu, Tao (2007): Equilibrium Concepts in the Large Household Model.
Classification:	E40 - Money and Interest Rates. General
Source:	BASE

Persistent link: https://www.econbiz.de/10015253412