General Equilibrium Theory and Group Formation

Main content

In this project, we analyze general equilibrium models with multi-member groups using three interacting mechanisms, each operating at a particular level of aggregation. Individual decisions are made to join or leave groups. Collective decisions within groups determine the consumption plans of group members. Competitive exchange across groups achieves a feasible allocation of resources. We study the effects of these interdependencies in the context of households and firms.

Publications

  • Household Formation and Markets, Economic Theory, 59(3), 2015, 461-507.
    (Hans Gersbach, Hans Haller and Hideo Konishi)
    Working Paper Version (PDF, 390 KB)
  • A Human Relations Paradox, Mathematical Social Sciences, 65(2), 2013, 154–156.
    (Hans Gersbach and Hans Haller)
    Working Paper Version (PDF, 1.1 MB)
  • "Hard Workers" and Labor Restrictions, Journal of Population Economics, 25(2), 2012, 469 - 494.
    (Hans Gersbach and Hans Haller)
    Working Paper Version
  • Bargaining cum Voice, Social Choice and Welfare, 36(2), 2011, 199-225.
    (Hans Gersbach and Hans Haller)
    Working Paper Version
  • Club Theory and Household Formation, Journal of Mathematical Economics, 46, 2010, 715-724.
    (Hans Gersbach and Hans Haller)
  • Groups, Collective Decisions, and Markets, Journal of Economic Theory, 146(1), 2011, 275-299.
    (Hans Gersbach and Hans Haller)
  • The Affectionate Society: Does Competition for Partners Promote Friendliness?, Economic Theory, 40, 2009, 389-403.
    (Hans Gersbach and Hans Haller)
    Working Paper Version
  • Bargaining Power and Equilibrium Consumption, Social Choice and Welfare, 33(4), 2009, 665-690
    (Hans Gersbach and Hans Haller)
    Working Paper Version
  • Household Ineffciency and Equilibrium Efficiency, in: Schultz, Christian and Karl Vind (eds.), Institutions, Equilibria and Efficiency: Essays in Honor of Birgit Grodal, Springer, Heidelberg, 2006, 187-209
    (Hans Gersbach and Hans Haller)
  • When Inefficiency Begets Efficiency, Economic Theory, 25(1), 2005, 105-121.
    (Hans Gersbach and Hans Haller)
    Working Paper Version
  • Collective Decisions and Competitive Markets, Review of Economic Studies, 68, 2001, 347-368.
    (Hans Gersbach and Hans Haller)
  • Allocation Among Multi-member Households: Issues, Cores, and Equilibria, in Ahmet Alkan, C. Charalambos, D. Aliprantis und N.C. Yannelis (eds.), Current Trends in Economics. Theory and Applications. (Studies in Economic Theory Vol. 8), Springer, 1999.
    (Hans Gersbach and Hans Haller)

Working Papers

Team Member

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21.07.2017
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