Equilibrium Concepts in the Large Household Model
Tao Zhu ()
MPRA Paper from University Library of Munich, Germany
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)
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https://mpra.ub.uni-muenchen.de/7444/1/MPRA_paper_7444.pdf original version (application/pdf)
Journal Article: Equilibrium concepts in the large-household model (2008)
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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