Competitive markets, collective decisions and group formation
We consider a general equilibrium model where groups operating in a competitive market environment can have several members and make efficient collective consumption decisions. Individuals have the option to leave the group and make it on their own or join another group. We study the effect of these...
Gespeichert in:
| Hauptverfasser: | , |
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| Dokumenttyp: | Book/Monograph Arbeitspapier |
| Sprache: | Englisch |
| Veröffentlicht: |
Munich
Univ., Center for Economic Studies [u.a.]
2003
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| Schriftenreihe: | CESifo working paper series Empirical and theoretical methods
953 |
| In: |
CESifo working papers (953)
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| Schlagworte: | |
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| Verfasserangaben: | Hans Gersbach; Hans Haller |
| Zusammenfassung: | We consider a general equilibrium model where groups operating in a competitive market environment can have several members and make efficient collective consumption decisions. Individuals have the option to leave the group and make it on their own or join another group. We study the effect of these outside options on group formation, group stability, equilibrium existence, and equilibrium efficiency. |
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| Beschreibung: | Internetausg.: http://www.cesifo.de/~DocCIDL/cesifo_wp953.pdf |