Competitive Markets, Collective Decisions and Group Formation

We consider a general equilibrium model where groups operating in a competitive market environment can have several members and make efficient collective consumption decisions. Individuals have the option to leave the group and make it on their own or join another group. We study the effect of these outside options on group formation, group stability, equilibrium existence, and equilibrium efficiency.

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Year of publication:	2003
Authors:	Gersbach, Hans ; Haller, Hans
Institutions:	CESifo
Subject:	household behavior \| household formation \| collective decision making \| general equilibrium

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Extent:	application/pdf
Series:	CESifo Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 953
Classification:	D10 - Household Behavior and Family Economics. General ; D50 - General Equilibrium and Disequilibrium. General ; D62 - Externalities ; D70 - Analysis of Collective Decision-Making. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005766089