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| Author: | Gersbach, H. Haller, H. |
| Title: | Collective decisions and competitive markets |
| Journal: | Review of Economic Studies
2001 : APR, VOL. 68:2(235), p. 347-368 |
| Index terms: | CONSUMER BEHAVIOUR DECISION MAKING EQUILIBRIUM ANALYSIS |
| Freeterms: | COMPETITIVE MARKETS |
| Language: | eng |
| Abstract: | In a general equilibrium model, the authors allow for households with several, typically heterogenous, 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. The interaction of two allocation mechanisms, collective decisions and competitive markets, is investigated, with a focus on the efficiency properties and decentralization possibilities of the dual allocation mechanism. |
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