Abstract
In a general equilibrium model, we allow for households with several, typically heterogeneous, members; households that make (efficient) collective consumption decisions where different households may use different collective decision mechanisms; yet households that operate within a competitive market environment. While raising other main issues like the optimality and decentralization properties of the corresponding equilibria, this paper deals primarily with the existence of competitive equilibria among multi-member households and with core allocations for economies with multi-member households.
JEL Classification Numbers
Keywords
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
Becker, G.S: “A Theory of Marriage”, Chapter 11 in G.S. Becker: The Economic Approach to Human Behavior. The University of Chicago Press: Chicago. Paperback edition, 1978; pp. 205–250.
Becker, G.S.: A Treatise on the Family. Enlarged Paper Edition. Harvard University Press: Cambridge, MA. Harvard University Press, 1993.
Chiappori, P.-A.: “Rational Household Labor Supply” , Econometrica56, 1988, 63–89
Chiappori, P.-A.: “Collective Labor Supply and Welfare,” Journal of Political Economy100, 1992, 437–467.
Debreu, G.: “A Social Equilibrium Existence Theorem”, Proceedings of the NationaI Academy of Sciences of the U.S.A.38, 1952, 886–893.
Ellickson, B.: Competitive Equilibrium. Cambridge University Press: Cambridge, 1993.
Gersbach, H., and H. Haller: “Collective Household Decisions and Competitive Markets”, Virginia Polytechnic Institute and State University, WP E-97–07, 1997.
Gersbach, H., and H. Haller: “Intra-Household Bargaining Power and Equilibrium Allocation,” mimeo, 1998.
Gilles, R.P., and S. Scotchmer: “Decentralization in Replicated Club Economies with Multiple Private Goods” , Journal of Economic Theory72, 1997, 363–387.
Haller, H.: “Household Decisions and Equilibrium Efficiency” , Virginia Polytechnic Institute and State University, WP E-95–12, March 1995.
Hildenbrand, W., and A. P. Kirman: Equilibrium Analysis. North-Holland: Amsterdam et al., 1988.
Roth, A.E., and M.A.O. Sotomayor: Two-Sided Matching: A Study in Game-Theoretical Modelling and Analysis. Cambridge University Press: Cambridge, 1990.
Scarf, H.E.: “The Core of an N-Person Game” , Econometrica35, 1967, 50–69.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1999 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Gersbach, H., Haller, H. (1999). Allocation among multi-member households: issues, cores and equilibria. In: Alkan, A., Aliprantis, C.D., Yannelis, N.C. (eds) Current Trends in Economics. Studies in Economic Theory, vol 8. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-03750-8_11
Download citation
DOI: https://doi.org/10.1007/978-3-662-03750-8_11
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-08471-3
Online ISBN: 978-3-662-03750-8
eBook Packages: Springer Book Archive