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concepts. Then we examine existence of competitive equilibria with free exit and study whether maximal individual power is …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 …
Persistent link: https://www.econbiz.de/10010484493
We integrate individual power in groups into general equilibrium models with endogenous group formation. We distinguish … between formal power (the say in group decisions) and real power (utility gain from being in groups). Their values will be … determined as part of the equilibrium. We find that higher formal power does not necessarily translate into higher equilibrium …
Persistent link: https://www.econbiz.de/10011279674
concepts. Then we examine existence of competitive equilibria with free exit and study whether maximal individual power is …We 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 …
Persistent link: https://www.econbiz.de/10010264415
We integrate individual power in groups into general equilibrium models with endogenous group formation. We distinguish … between formal power (the say in group decisions) and real power (utility gain from being in groups). Their values will be … determined as part of the equilibrium. We find that higher formal power does not necessarily translate into higher equilibrium …
Persistent link: https://www.econbiz.de/10011753276
We integrate individual power in groups into general equilibrium models with endogenous group formation. We distinguish … between formal power (the say in group decisions) and real power (utility gain from being in groups). Their values will be … determined as part of the equilibrium. We find that higher formal power does not necessarily translate into higher equilibrium …
Persistent link: https://www.econbiz.de/10011265736
We present a variant of a general equilibrium model with group formation to study how changes of non-consumptive benefits from group formation impact on the well-being of group members. We identify a human relations paradox: Positive externalities increase, but none of the group members gains in...
Persistent link: https://www.econbiz.de/10011753209
We present a variant of a general equilibrium model with group formation to study how changes of non-consumptive benefits from group formation impact on the well-being of group members. We identify a human relations paradox: Positive externalities increase, but none of the group members gains in...
Persistent link: https://www.econbiz.de/10009004915
We present a variant of a general equilibrium model with group formation to study how changes of non-consumptive benefits from group formation impact on the well-being of group members. We identify a human relations paradox: Positive externalities increase, but none of the group members gains in...
Persistent link: https://www.econbiz.de/10009236279
concepts. Then we examine existence of competitive equilibria with free exit and study whether maximal individual power is …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 …
Persistent link: https://www.econbiz.de/10013316483
I demonstrate a straightforward but apparently widely unrecognized implication of the standard requirements for perfect competition: an economy in which consumers can choose to learn is generally not perfectly competitive. In particular, if endogenous welfare relevant learning is feasible, the...
Persistent link: https://www.econbiz.de/10012875989