Competitive Markets, Collective Decisions and Group Formation.

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.

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Year of publication:	2002-10
Authors:	Gersbach, Hans ; Haller, Hans
Institutions:	Økonomisk Institut, Københavns Universitet
Subject:	household behavior \| household formation \| collective decision making \| general equilibrium

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 02-11 54 pages
Classification:	D10 - Household Behavior and Family Economics. General ; D50 - General Equilibrium and Disequilibrium. General ; D62 - Externalities ; D70 - Analysis of Collective Decision-Making. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005749717