Birgit Grodal

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¤ We thank Robert Anderson for tutelage and Kenneth Arrow and Joe Ostroy for helpful arguments.ees and the editor for many comments that improved both the content and the exposition. Abstract This paper de¯nes a general equilibrium model with exchange and club formation. Agents trade multiple private goods widely in the market, can belong to several clubs,(More)
* Earlier versions of this paper circulated under the title " A Model of Firm Formation and Skills Acquisition. " We thank seminar audiences at Zame) for financial support. We have discussed this work with many helpful people, including Abstract This paper provides an extension of general equilibrium theory that incorporates the actions of individuals both(More)
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