Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/53138
Authors: 
Gersbach, Hans
Haller, Hans
Year of Publication: 
2011
Series/Report no.: 
CESifo working paper: Industrial Organisation 3659
Abstract: 
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.
Subjects: 
household behavior
general equilibrium
production
JEL: 
D10
D50
D62
D70
Document Type: 
Working Paper

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