Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76624
Authors: 
Gersbach, Hans
Haller, Hans
Year of Publication: 
2004
Series/Report no.: 
CESifo Working Paper 1197
Abstract: 
Collective consumption decisions taken by the members of a household may prove inefficient. The impact on market performance depends on whether household inefficiencies are caused by inefficient net trades with the market or by inefficient distribution of resources within households. Inefficient internal distribution always results in inefficient equilibrium allocations. This leads us to consider competitive forces as a disciplinary device for households. Competition of households for both resources and members can eliminate or reduce inefficient internal distribution.
Document Type: 
Working Paper

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