Competitive Markets, Collective Decisions and Group Formation

Hans Gersbach and Hans Haller
Additional contact information
Hans Haller: Virginia Polytechnic Institute and State University

No 02-11, Discussion Papers from University of Copenhagen. Department of Economics

Abstract: We consider a general equilibrium model where households operating in a competitive market environment can have several members and make efficient collective consumption decisions. Individuals have the option to leave the household and make it on their own or join another household. We study the effect of these outside options on household formation, household 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)
Pages: 54 pages
Date: 2002-10
New Economics Papers: this item is included in nep-cdm, nep-com and nep-mic
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Citations: View citations in EconPapers (9)

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http://www.econ.ku.dk/english/research/publications/wp/2002/0211.pdf/ (application/pdf)

Related works:
Working Paper: Competitive Markets, Collective Decisions and Group Formation (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:kud:kuiedp:0211

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