Equilibrium concepts in the large-household model

Theoretical Economics, 2008, vol. 3, issue 2

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

Keywords: Search; large household; equilibrium concept; team (search for similar items in EconPapers)
JEL-codes: D51 E40 E50 (search for similar items in EconPapers)
Date: 2008-06-01

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Related works:
Working Paper: Equilibrium Concepts in the Large Household Model (2007)
Working Paper: Equilibrium Concepts in the Large Household Model (2007)
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