haku: @indexterm Economic efficiency / yhteensä: 231
viite: 29 / 231
| Tekijä: | Haller, H. |
| Otsikko: | Household decisions and equilibrium efficiency |
| Lehti: | International Economic Review
2000 : NOV, VOL. 41:4, p. 835-847 |
| Asiasana: | CONSUMER BEHAVIOUR ECONOMIC EFFICIENCY EQUILIBRIUM ANALYSIS HOUSEHOLD ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | A general equilibrium model is introduced where a household may consist of several members, each with individual preferences and/or resources. When households obey collective rationality, certain intrahousehold externalities can be fully internalized by the respective households so that competitive exchange among households is efficient. As a rule, however, such intrahousehold externalities are not fully internalized by individual household members acting in their personal interest so that competitive exchange among such individuals is only efficient in exceptional cases. |
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