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Date
2011-11-30Type
- Working Paper
ETH Bibliography
yes
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Abstract
We consider firms and multi-member households operating in a competitive market environment. Households are endowed with resources (commodity 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. Existence of general equilibrium and validity of the first welfare theorem are investigated. Show more
Publication status
publishedJournal / series
CESifo Working PapersVolume
Publisher
CESifoSubject
household behavior; general equilibrium; productionOrganisational unit
03729 - Gersbach, Hans / Gersbach, Hans
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ETH Bibliography
yes
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