Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/26414
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dc.contributor.authorGersbach, Hansen_US
dc.contributor.authorHaller, Hansen_US
dc.date.accessioned2008-09-09en_US
dc.date.accessioned2009-07-28T08:31:35Z-
dc.date.available2009-07-28T08:31:35Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/26414-
dc.description.abstractWe We integrate individual power in groups into general equilibrium models. The relationship between group formation, resource allocation, and the power of specific individuals or particular sociological groups is investigated. We introduce, via an illustrative example, three appealing concepts of power and show that there is no monotonic relationship between these concepts. Then we examine existence of competitive equilibria with free exit and study whether maximal individual power is consistent with Pareto efficiency. As applications, we discuss when power spillovers occur and we identify human relation paradoxes: positive externalities increase, but none of the household members gains in equilibrium. We further identify implicit, determinate and de facto power.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo Working Paper |x2369en_US
dc.subject.jelD41en_US
dc.subject.jelD50en_US
dc.subject.jelD60en_US
dc.subject.ddc330en_US
dc.subject.keywordgroup formationen_US
dc.subject.keywordcompetitive marketsen_US
dc.subject.keywordpoweren_US
dc.subject.keywordexiten_US
dc.subject.stwGruppentheorieen_US
dc.subject.stwWirtschaftliche Machten_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwMarktaustritten_US
dc.subject.stwPareto-Optimumen_US
dc.subject.stwTheorieen_US
dc.titleExit and power in general equilibriumen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn605166129en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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