Zhu, Tao (2007): Equilibrium Concepts in the Large Household Model.
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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|
|Original Title:||Equilibrium Concepts in the Large Household Model|
|Keywords:||Search; Large household; Equilibrium concept; Team|
|Subjects:||E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E40 - General|
|Depositing User:||Tao Zhu|
|Date Deposited:||05. Mar 2008 00:23|
|Last Modified:||23. Feb 2013 10:46|