Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76403
Authors: 
Gersbach, Hans
Haller, Hans
Year of Publication: 
2003
Series/Report no.: 
CESifo Working Paper 953
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.
Subjects: 
household behavior
household formation
collective decision making
general equilibrium
JEL: 
D10
D50
D62
D70
Document Type: 
Working Paper

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