Titlebook: ;

Meander

Social Groups The focus lies on the role of households in a competitive market environment. In particular, household decision making and household formation are addressed. We resume the discourse on the integration of three allocative mechanisms involving households: formation of households, decision making with

為敵

Householdsmed by individual household members. Individuals have their own consumption and preferences. Household members may experience consumption, group and endowment externalities. As a rule, households adhere to collective rationality, making efficient consumption decisions for their members under the hou

SUE

Pure Exchange with Fixed Household Structureers to the individual consumption and welfare of its members, not merely to the aggregate consumption bundle of the household. The notion of efficient household decision is captured by the concept of efficient budget set from which the household chooses. To achieve efficiency at the economy level, i

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General Equilibrium with Fixed Household Structure and Productioncommodity 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.

Horizon

General Equilibrium with Variable Household Structureive household decisions and the competitive exchange of commodities. Variable household structures allow flexible boundaries between collective decisions and markets for the allocation of commodities. We find that a social planner can decentralize a Pareto optimal allocation as a competitive equilib

Malfunction

General Equilibrium with Endogenous Household Structurebelonging to a multi-member household can decide to leave that household and become single. With the ., an individual can leave its current household—or cease to be single, if applicable—and join another, already existing household. Active commodity markets can impede the existence and optimality of

巧思

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Inefficient Household Decisionsfficiencies at the household level may, but need not, lead to inefficiency at the economy level: Inefficiency may beget efficiency. Endogenous household formation, availability of outside options and the associated competition for partners can limit—or in some cases prevent—inefficiencies at the hou

滑稽

https://doi.org/10.1007/978-3-322-98582-8rium among households by rearranging households and by lump-sum redistributions of endowments. The social planner faces, however, the requirement that households conform with his intentions when making their collective decisions.

報復(fù)

General Equilibrium with Variable Household Structurerium among households by rearranging households and by lump-sum redistributions of endowments. The social planner faces, however, the requirement that households conform with his intentions when making their collective decisions.