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Title:General equilibrium with multi-member households and production PDF Logo
Authors:Gersbach, Hans
Haller, Hans
Issue Date: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
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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