When inefficiency begets efficiency
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...
Gespeichert in:
| Hauptverfasser: | , |
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| Dokumenttyp: | Buch/Monographie Arbeitspapier |
| Sprache: | Englisch |
| Veröffentlicht: |
Munich
Center for Economic Studies and Ifo Institute (CESifo)
2004
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| Schriftenreihe: | CESifo Working Paper
1197 |
| In: |
CESifo working papers (1197)
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| Schlagworte: | |
| Online-Zugang: | Resolving-System, kostenfrei, Volltext: http://hdl.handle.net/10419/76624
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| Verfasserangaben: | Hans Gersbach; Hans Haller |
| Zusammenfassung: | 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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| Beschreibung: | Online Resource |
| Dokumenttyp: | Systemvoraussetzungen: PDF Reader. |