Competitive Markets, Collective Decisions and Group Formation

Hans Gersbach and Hans Haller

No 953, CESifo Working Paper Series from CESifo

Abstract: 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.

Keywords: household behavior; household formation; collective decision making; general equilibrium (search for similar items in EconPapers)
JEL-codes: D10 D50 D62 D70 (search for similar items in EconPapers)
Date: 2003
New Economics Papers: this item is included in nep-cdm and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Working Paper: Competitive Markets, Collective Decisions and Group Formation (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_953

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