quantity of resources. Afterwards, one of the proposals is chosen by majority decision. If no proposal obtains a majority, a …

examination. The authors set out to link the formation, composition, decision-making, and stability of households. They develop … and act as collective decision-making units on the one hand and as competitive market participants on the other hand … Haller and Hans Gersbach have pioneered a ‘market’ approach that applies the tools of general equilibrium theory to the …