nep-spo New Economics Papers
on Sports and Economics
Issue of 2009‒10‒03
one paper chosen by
Joao Carlos Correia Leitao
Polytechnic Institute of Portalegre and Technical University of Lisbon

  1. Club Theory and Household Formation By Hans Gersbach; Hans Haller

  1. By: Hans Gersbach (CER-ETH - Center of Economic Research at ETH Zurich, Switzerland); Hans Haller (Department of Economics, Virginia Polytechnic Institute and State University, Blacksburg, VA USA.)
    Abstract: The relationship between our general equilibrium model with multi- member households and club models with multiple private goods is investigated. The main distinction in the definitions consists of the equilibrium concepts. As a rule, competitive equilibria among house- holds where no group of consumers can benefit from forming a new household and valuation equilibria prove equivalent in the absence of consumption externalities, but not in their presence.
    Keywords: Household Behavior, Household Formation, General Equilibrium, Clubs
    JEL: D13 D50 D62 D71
    Date: 2009–07

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