Competitive behaviors such as outbidding one’s rivals may be countered by therivals’ threat of mutually destructive objections. In an Arrow-Debreu model of productioneconomies with firms privatized by property rights, we model such hinderedcompetitive behaviors as a coalition’s attempt to...

In production economies, the extent to which non-equilibria are blocked dependson the allocation of control rights among shareholders, because a blocking coalition’sresources are affected by the firms it jointly owns with outsiders. We formulate a notionof blocking that takes such...

This paper applies production theory to define a new set of inputs for U.S. households over the post-World War II period and uses newly constructed data on some of these inputs to fit a completehousehold-demand system, including inputs of women’s and men’s housework, and seven other...

This paper applies production theory to define a new set of inputs for U.S. households for thepost-war II period, tests the new inputs to see if they support a complete household-demandsystem, and reports a new social cost-of-living index. The data support a demand system withnine major input...