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When inefficiency begets efficiency
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
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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
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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
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When inefficiency begets efficiency
Gersbach, Hans; Haller, Hans - 2003
Persistent link: https://www.econbiz.de/10001744800
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On efficient firm formation
Gersbach, Hans; Haller, Hans - In: Mathematical social sciences 107 (2020), pp. 1-12
Persistent link: https://www.econbiz.de/10012434260
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When inefficiency begets efficiency
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/10002104549
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When inefficiency begets efficiency
Gersbach, Hans; Haller, Hans - In: Economic theory : official journal of the Society for … 25 (2005) 1, pp. 105-121
Persistent link: https://www.econbiz.de/10002514452
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When inefficiency begets efficiency
Gersbach, Hans (contributor); Haller, Hans (contributor) - 2003
Persistent link: https://www.econbiz.de/10001764924
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The optimal capital structure of an economy
Gersbach, Hans - 2003
Persistent link: https://www.econbiz.de/10001816140
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Liquidity creation, efficiency, and free banking
Gersbach, Hans - In: Journal of financial intermediation 7 (1998) 1, pp. 91-118
Persistent link: https://www.econbiz.de/10001246941