The Organization of Production, Consumption and Learning
Bryan Ellickson (),
Birgit Grodal,
Suzanne Scotchmer and
William Zame
Additional contact information
Bryan Ellickson: UCLA
Chapter 9 in Institutions, Equilibria and Efficiency, 2006, pp 149-185 from Springer
Abstract:
Summary This paper provides an extension of general equilibrium theory that incorporates the actions of individuals both as demanders and suppliers of goods and as members of firms, schools, social groups, and contractual relationships. The central notion of the paper is a group: a collection of individuals associated with one another for some purpose. The model takes as primitive an exogenous set of group types, interpretable as (potential) firms, schools, social groups, contracts etc. The types of schools and firms that materialize in equilibrium, as well as the way that agents acquire skills, are determined endogenously in a competitive market, as are the contracts they enter into, and the production and consumption of private commodities. Equilibrium exists and the core coincides with the set of equilibrium states. Examples and Applications illustrate the flexibility and power of the framework.4
Keywords: Clubs; Team production; Organization of firms (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (2)
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
Working Paper: The Organization of Production, Consumption, and Learning (2003) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:spr:steccp:978-3-540-28161-0_9
Ordering information: This item can be ordered from
http://www.springer.com/9783540281610
DOI: 10.1007/3-540-28161-4_9
Access Statistics for this chapter
More chapters in Studies in Economic Theory from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().