The Economics and Mathematics of Aggregation: Formal Models of Efficient Group Behavior

The goal of this article is to provide a general characterization of group behavior in a market environment. A crucial feature of our approach is that we do not restrict the form of individual preferences or the nature of individual consumptions; we allow for public as well as private consumption, for intragroup production, and for any type of consumption externalities across group members. Our only assumption is that the group always reaches Pareto efficient decisions.

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Year of publication:	2009
Authors:	Chiappori, P. A. ; Ekeland, Ivar
Published in:	Foundations and Trends(R) in Microeconomics. - now publishers. - Vol. 5.2009, 1–2, p. 1-151
Publisher:	now publishers
Subject:	Aggregation \| Group behavior \| Consumption \| Economic theory \| Microeconomics \| Mathematical economics

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Extent:	application/xml
Type of publication:	Article
Other identifiers:	10.1561/0700000028 [DOI]
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010693746