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Exit and power in general equilibrium
Gersbach, Hans; Haller, Hans - 2008
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
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Formal and real power in general equilibrium
Gersbach, Hans; Haller, Hans - 2015 - This version: January 2015
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
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Formal and Real Power in General Equilibrium
Gersbach, Hans; Haller, Hans - 2015
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
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Formal and Real Power in General Equilibrium
Gersbach, Hans; Haller, Hans - CER-ETH Center of Economic Research, Department of … - 2015
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
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Exit and Power in General Equilibrium
Gersbach, Hans; Haller, Hans - CESifo - 2008
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/10005766012
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A Human Relations Paradox
Gersbach, Hans; Haller, Hans - 2011
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
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A human relations paradox
Gersbach, Hans; Haller, Hans - 2011 - This version: April 2011
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
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A Human Relations Paradox
Gersbach, Hans; Haller, Hans - CER-ETH Center of Economic Research, Department of … - 2011
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
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Exit and Power in General Equilibrium
Gersbach, Hans; Haller, Hans H. - 2021
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
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A Reconsideration of the Theory of Perfect Competition
Nomidis, Dimitrios - 2016
This paper develops a discussion and provides the basis for a dispute of the principal assumption on which the classical-neoclassical theory of perfect competition is based: is it indeed true that the individual product demand of each producer is perfectly elastic (horizontal) and the price is...
Persistent link: https://www.econbiz.de/10013004916