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When inefficiency begets efficiency

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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...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Gersbach, Hans (VerfasserIn) , Haller, Hans (VerfasserIn)
Dokumenttyp: Buch/Monographie Arbeitspapier
Sprache:Englisch
Veröffentlicht: Munich Center for Economic Studies and Ifo Institute (CESifo) 2004
Schriftenreihe:CESifo Working Paper 1197
In: CESifo working papers (1197)

Schlagworte:
Graue Literatur
Arbeitspapier
Gleichgewichtsmodell
Markteffizienz
Effizienz
Verbraucherverhalten
Haushalt
Online-Zugang:Resolving-System, kostenfrei, Volltext: http://hdl.handle.net/10419/76624
Volltext
Verfasserangaben:Hans Gersbach; Hans Haller

MARC

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520 |a 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. 
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