2009-10-03 papers

on Sports and Economics

Issue of 2009–10–03
one paper chosen by
Humberto Barreto, DePauw University

Club Theory and Household Formation By Hans Gersbach; Hans Haller

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
URL:	https://d.repec.org/n?u=RePEc:eth:wpswif:09-110

This issue is ©2009 by Humberto Barreto. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.

General information on the NEP project can be found at https://nep.repec.org. For comments please write to the director of NEP, Marco Novarese at <director@nep.repec.org>. Put “NEP” in the subject, otherwise your mail may be rejected.

NEP’s infrastructure is sponsored by the Griffith Business School of Griffith University in Australia.