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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

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

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

Imperfect competition, general equilibrium and unemployment

Gersbach, Hans; Schniewind, Achim - In: Journal of economic dynamics & control 32 (2008) 5, pp. 1381-1398

Persistent link: https://www.econbiz.de/10003732532

Collective bargaining, awareness of general equilibrium effects, and unemployment

Gersbach, Hans; Schniewind, Achim - In: International economic review 52 (2011) 3, pp. 693-712

Persistent link: https://www.econbiz.de/10009379488

Groups, collective decisions and markets

Gersbach, Hans; Haller, Hans - In: Journal of economic theory 146 (2011) 1, pp. 275-299

Persistent link: https://www.econbiz.de/10009242996

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