Equilibrium Concepts in the Large Household Model

Tao Zhu ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper formulates equilibrium concepts in the large (non atomic) household model under the team interpretation, characterizes a class of equilibrium allocations, explores whether an equilibrium allocation in the large-household model has a foundation in the finite-household model, and establishes the existence of equilibrium allocations generated by generalized Nash bargaining.

Keywords: Search; Large household; Equilibrium concept; Team (search for similar items in EconPapers)
JEL-codes: E40 (search for similar items in EconPapers)
Date: 2007
New Economics Papers: this item is included in nep-mac
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Related works:
Working Paper: Equilibrium Concepts in the Large Household Model (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:7444

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