Cover Image

When inefficiency begets efficiency

Show other versions (5)

Collective consumption decisions taken by the members of a household may prove inefficient. The impact on market performance depends on whether household inefficiencies are caused by inefficient net trades with the market or by inefficient distribution of resources within households. Inefficient int...

Full description

Saved in:
Bibliographic Details
Main Authors: Gersbach, Hans (Author) , Haller, Hans (Author)
Format: Book/Monograph Working Paper
Language:English
Published: Munich Center for Economic Studies and Ifo Institute (CESifo) 2004
Series:CESifo Working Paper 1197
In: CESifo working papers (1197)

Subjects:
Graue Literatur
Arbeitspapier
Gleichgewichtsmodell
Markteffizienz
Effizienz
Verbraucherverhalten
Haushalt
Online Access:Resolving-System, kostenfrei, Volltext: http://hdl.handle.net/10419/76624
Get full text
Author Notes:Hans Gersbach; Hans Haller
Description
Summary:Collective consumption decisions taken by the members of a household may prove inefficient. The impact on market performance depends on whether household inefficiencies are caused by inefficient net trades with the market or by inefficient distribution of resources within households. Inefficient internal distribution always results in inefficient equilibrium allocations. This leads us to consider competitive forces as a disciplinary device for households. Competition of households for both resources and members can eliminate or reduce inefficient internal distribution.
Physical Description:Online Resource
Format:Systemvoraussetzungen: PDF Reader.

Similar Items