Collective Decisions and Competitive Markets
在一般均衡模型中引入具有异质性成员的家庭,这些家庭采用不同的集体决策机制,并在竞争市场中运作,探讨双重分配机制的效率与分权可能性。
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.