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• W3122457029 abstract "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 disciplinary device for households. Competition of households for both resources and members can eliminate or reduce inefficient internal distribution." @default.
• W3122457029 created "2021-02-01" @default.
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• W3122457029 date "2005-01-01" @default.
• W3122457029 modified "2023-10-02" @default.
• W3122457029 title "When inefficiency begets efficiency" @default.
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• W3122457029 doi "https://doi.org/10.1007/s00199-004-0469-5" @default.
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