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Groups and Markets : General Equilibrium with Multi-member Households

Gersbach, Hans - 2017

Haller and Hans Gersbach have pioneered a ‘market’ approach that applies the tools of general equilibrium theory to the … presented in this book extends the theory of the multi-person household along an important but relatively neglected dimension …, that of general equilibrium theory. It also challenges GE theorists themselves to follow Paul Samuelson in taking seriously …

Persistent link: https://www.econbiz.de/10012397186

Minority voting and long-term decisions

Fahrenberger, Theresa; Gersbach, Hans - In: Games and economic behavior 69 (2010) 2, pp. 329-345

Persistent link: https://www.econbiz.de/10008656730

Appointed learning for the common good : optimal committee size and monetary transfers

Gersbach, Hans; Mamageishvili, Akaki; Tejada, Oriol - In: Games and economic behavior 136 (2022), pp. 153-176

Persistent link: https://www.econbiz.de/10014339349

Households, Markets and Public Choice

Gersbach, Hans - 2014

We develop a model that combines competitive exchange of private commodities across endogenously formed groups with public good provision and global collective decisions. There is a tension between local and global collective decisions. In particular, we show that group formation and collective...

Persistent link: https://www.econbiz.de/10013047312

General Equilibrium with Multi-Member Households and Production

Gersbach, Hans; Haller, Hans - 2021

We consider firms and multi-member households operating in a competitive market environment. Households are endowed with resources (commodity bundles) and shares of firm ownership. Household members are characterized by individual preferences, possibly with intra-household consumption...

Persistent link: https://www.econbiz.de/10013315948

Cake Division by Majority Decision

Gersbach, Hans; Pachl, Bernhard - 2021

We consider a collective choice process where three players make proposals sequentially on how to divide a given quantity of resources. Afterwards, one of the proposals is chosen by majority decision. If no proposal obtains a majority, a proposal is drawn by lot. We establish the existence of...

Persistent link: https://www.econbiz.de/10013317275