Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/171553 
Year of Publication: 
2009
Series/Report no.: 
Economics Working Paper Series No. 09/110
Publisher: 
ETH Zurich, CER-ETH - Center of Economic Research, Zurich
Abstract: 
The relationship between our general equilibrium model with multi- member households and club models with multiple private goods is investigated. The main distinction in the definitions consists of the equilibrium concepts. As a rule, competitive equilibria among house- holds where no group of consumers can benefit from forming a new household and valuation equilibria prove equivalent in the absence of consumption externalities, but not in their presence.
Subjects: 
Household Behavior
Household Formation
General Equilibrium
Clubs
JEL: 
D13
D50
D62
D71
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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