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Gersbach, Hans; Haller, Hans - 2003

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

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 - 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

Households, markets and public choice

Gersbach, Hans; Haller, Hans - 2014 - This Version: August 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/10010399075

Club theory and household formation

Gersbach, Hans; Haller, Hans - 2009

The relationship between our general equilibrium model with multi- member households and club models with multiple private goods is investigated. The main distinction in the definitions consists of the equilibrium concepts. As a rule, competitive equilibria among households where no group of...

Persistent link: https://www.econbiz.de/10008732395

Competitive markets, collective decisions and group formation

Gersbach, Hans; Haller, Hans - 2003

, equilibrium existence, and equilibrium efficiency. …

Persistent link: https://www.econbiz.de/10011507930

Imperfect competition, general equilibrium and unemployment

Gersbach, Hans; Schniewind, Achim - 1999

We analyze whether different learning abilities of firms with respect to general equilibrium effects lead to different levels of unemployment. We consider a general equilibrium model where firms in one sector compete à la Cournot and a real wage rigidity leads to unemployment. If firms consider...

Persistent link: https://www.econbiz.de/10001447037

Product market competition, unemployment and income disparities

Gersbach, Hans - In: Weltwirtschaftliches Archiv : Zeitschrift des Instituts … 135 (1999) 2, pp. 221-240

Persistent link: https://www.econbiz.de/10001388933

Product market reforms and unemployment in Europe

Gersbach, Hans; Schniewind, Achim - 2001

In this paper we study how promoting product market competition by reducing mark-ups or by increasing productivity are able to complement labor market reforms. We use a simple general equilibrium model with different types of labor. The bottom-line of the paper is that product market reforms...

Persistent link: https://www.econbiz.de/10001573265