General equilibrium with multi-member households and production

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 externalities. Household decisions adhere to the collective rationality model. Existence of general equilibrium and validity of the first welfare theorem are investigated.

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Year of publication:	2011
Authors:	Gersbach, Hans ; Haller, Hans
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	household behavior \| general equilibrium \| production

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Series:	CESifo Working Paper ; 3659
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	679528911 [GVK] hdl:10419/53138 [Handle]
Classification:	D10 - Household Behavior and Family Economics. General ; D50 - General Equilibrium and Disequilibrium. General ; D62 - Externalities ; D70 - Analysis of Collective Decision-Making. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010279376