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Gersbach, Hans; Haller, Hans - 2004

Collective consumption decisions taken by the members of a household may prove inefficient. The impact on market performance depends on whether household inefficiencies are caused by inefficient net trades with the market or by inefficient distribution of resources within households. Inefficient...

Persistent link: https://www.econbiz.de/10011399478

When inefficiency begets efficiency

Gersbach, Hans; Haller, Hans - 2003

inefficient household decisions on market performance is investigated. At one extreme, market efficiency can occur even when … market. At the other extreme, market efficiency is bound to fail, if household inefficiencies are solely caused by an … stability requires efficient or not too inefficient internal distribution. -- allocative efficiency ; general equilibrium …

Persistent link: https://www.econbiz.de/10009725479

Household inefficiency and equilibrium efficiency

Gersbach, Hans; Haller, Hans - In: Institutions, equilibria and efficiency : essays in …, (pp. 187-209). 2006

Persistent link: https://www.econbiz.de/10003371922

When inefficiency begets efficiency

Gersbach, Hans; Haller, Hans - 2003

Persistent link: https://www.econbiz.de/10001744800

Child labor and the education of a society

Bell, Clive; Gersbach, Hans - 2001

We examine economic growth, inequality and education when the wellspring of growth is the formation of human capital through a combination of the quality of child-rearing and formal schooling. The existence of multiple steady states is established, including a poverty trap, wherein children work...

Persistent link: https://www.econbiz.de/10011403095