Review of Economic Studies Vol. 68 No. 2 2001
Collective Decisions and Competitive Markets
Abstract
In a general equilibrium model, we allow for households with several, typically heterogeneous, members; households that make (efficient) collective consumption decisions where different households may use different collective decision mechanisms; yet households that operate within a competitive market environment. The interaction of two allocation mechanisms, collective decisions and competitive markets, is investigated, with a focus on the efficiency properties and decentralization possibilities of the dual allocation mechanism.
- DOI
- 10.1111/1467-937x.00172
- Volume
- 68
- Issue
- 2
- Pages
- 347-368
- Language
- en
- Sources
- bibtex:phds-export.bib openalex crossref