Competitive markets, collective decisions and group formation

Hans Gersbach, Hans Haller

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:	May 2003
Authors:	Gersbach, Hans ; Haller, Hans
Publisher:	Munich : CESifo, Center for Economic Studies & Ifo Institute
Subject:	household behavior \| household formation \| collective decision making \| general equilibrium \| Haushaltsökonomik \| Household economics \| Gruppenentscheidung \| Group decision-making \| Kollektives Handeln \| Collective action \| Allgemeines Gleichgewicht \| General equilibrium \| Theorie \| Theory

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Extent:	1 Online-Ressource (circa 50 Seiten) Illustrationen
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. no. 953
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/76403 [Handle]
Classification:	D10 - Household Behavior and Family Economics. General ; D50 - General Equilibrium and Disequilibrium. General ; D62 - Externalities ; D70 - Analysis of Collective Decision-Making. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011507930