Equilibrium concepts in the large-household model

Tao Zhu ()

Theoretical Economics, 2008, vol. 3, issue 2, pages 257-281

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 Written

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Persistent link: http://EconPapers.repec.org/RePEc:the:publsh:315

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