Zhu, Tao (2007): Equilibrium Concepts in the Large Household Model.
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Abstract
This paper formulates equilibrium concepts in the large (non atomic) household model under the team interpretation, characterizes a class of equilibrium allocations, explores whether an equilibrium allocation in the large-household model has a foundation in the finite-household model, and establishes the existence of equilibrium allocations generated by generalized Nash bargaining.
| Item Type: | MPRA Paper |
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| Original Title: | Equilibrium Concepts in the Large Household Model |
| Language: | English |
| Keywords: | Search; Large household; Equilibrium concept; Team |
| Subjects: | E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E40 - General |
| Item ID: | 7444 |
| Depositing User: | Tao Zhu |
| Date Deposited: | 05. Mar 2008 00:23 |
| Last Modified: | 23. Feb 2013 10:46 |
| URI: | http://mpra.ub.uni-muenchen.de/id/eprint/7444 |
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