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Groups and Markets
General Equilibrium with Multi-member Households
Buch von Hans Haller (u. a.)
Sprache: Englisch

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Beschreibung
This monograph studies multi-member households or, more generally, socio-economic groups from a purely theoretical perspective and within a general equilibrium framework, in contrast to a sizeable empirical literature. The approach is based on the belief that households, their composition, decisions and behavior within a competitive market economy deserve thorough examination. The authors set out to link the formation, composition, decision-making, and stability of households. They develop general equilibrium models of pure exchange economies in which households can have several, typically heterogeneous members and act as collective decision-making units on the one hand and as competitive market participants on the other hand. Moreover, the more advanced models combine traditional exchange (markets for commodities) and matching (markets for people or partners) and develop implications for welfare, social structures, and economic policy.

In the field of family economics, Hans Haller and Hans Gersbach have pioneered a ¿market¿ approach that applies the tools of general equilibrium theory to the analysis of household behavior. This very interesting book presents an overview of their methods and results. This is an inspiring work.
Pierre-André Chiappori, Columbia University, USA

The sophisticated, insightful and challenging analysis presented in this book extends the theory of the multi-person household along an important but relatively neglected dimension, that of general equilibrium theory. It also challenges GE theorists themselves to follow Paul Samuelson in taking seriously the real attributes of that fundamental building block, the household, as a social group whose decisions may not satisfy the standard axioms of individual choice. This synthesis and extension of their earlier work by Gersbach and Haller will prove to be a seminal contribution in its field.

Ray Rees, LMU Munich, Germany
This monograph studies multi-member households or, more generally, socio-economic groups from a purely theoretical perspective and within a general equilibrium framework, in contrast to a sizeable empirical literature. The approach is based on the belief that households, their composition, decisions and behavior within a competitive market economy deserve thorough examination. The authors set out to link the formation, composition, decision-making, and stability of households. They develop general equilibrium models of pure exchange economies in which households can have several, typically heterogeneous members and act as collective decision-making units on the one hand and as competitive market participants on the other hand. Moreover, the more advanced models combine traditional exchange (markets for commodities) and matching (markets for people or partners) and develop implications for welfare, social structures, and economic policy.

In the field of family economics, Hans Haller and Hans Gersbach have pioneered a ¿market¿ approach that applies the tools of general equilibrium theory to the analysis of household behavior. This very interesting book presents an overview of their methods and results. This is an inspiring work.
Pierre-André Chiappori, Columbia University, USA

The sophisticated, insightful and challenging analysis presented in this book extends the theory of the multi-person household along an important but relatively neglected dimension, that of general equilibrium theory. It also challenges GE theorists themselves to follow Paul Samuelson in taking seriously the real attributes of that fundamental building block, the household, as a social group whose decisions may not satisfy the standard axioms of individual choice. This synthesis and extension of their earlier work by Gersbach and Haller will prove to be a seminal contribution in its field.

Ray Rees, LMU Munich, Germany
Zusammenfassung

Provides a thorough theoretical analysis of the behavior and decisions of multi-member households or socio-economic groups

Integrates several allocation mechanisms to allow the observation of equilibrium feedbacks

Contrasts the particularities of household formation and decisions with club and matching models

Explores the positive and normative consequences of collective decisions in households

Includes supplementary material: [...]

Inhaltsverzeichnis

Part I: The Theme.- Introduction.- Social Groups.- Households.- Part II: The Basic Framework.- Pure Exchange with Fixed Household Structure.- General Equilibrium with Fixed Household Structure and Production.- General Equilibrium with Variable Household Structure.- General Equilibrium with Endogenous Household Structure.- Cores.- Part III: Other Forms of Group Formation.- Clubs, Matching, etc.- Related Work.- Part IV: Extensions and Applications.- Power in General Equilibrium.- Risk Sharing Capacity: Markets versus Households.- Inefficient Household Decisions.- Public Goods and Public Choice.- Economic Policy Analysis and Implications.

Details
Erscheinungsjahr: 2017
Fachbereich: Volkswirtschaft
Genre: Recht, Sozialwissenschaften, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Inhalt: x
186 S.
1 s/w Illustr.
186 p. 1 illus.
ISBN-13: 9783319605159
ISBN-10: 3319605151
Sprache: Englisch
Herstellernummer: 978-3-319-60515-9
Ausstattung / Beilage: HC runder Rücken kaschiert
Einband: Gebunden
Autor: Haller, Hans
Gersbach, Hans
Auflage: 1st ed. 2017
Hersteller: Springer International Publishing
Springer International Publishing AG
Verantwortliche Person für die EU: Books on Demand GmbH, In de Tarpen 42, D-22848 Norderstedt, info@bod.de
Maße: 241 x 160 x 17 mm
Von/Mit: Hans Haller (u. a.)
Erscheinungsdatum: 07.08.2017
Gewicht: 0,465 kg
Artikel-ID: 109605672
Zusammenfassung

Provides a thorough theoretical analysis of the behavior and decisions of multi-member households or socio-economic groups

Integrates several allocation mechanisms to allow the observation of equilibrium feedbacks

Contrasts the particularities of household formation and decisions with club and matching models

Explores the positive and normative consequences of collective decisions in households

Includes supplementary material: [...]

Inhaltsverzeichnis

Part I: The Theme.- Introduction.- Social Groups.- Households.- Part II: The Basic Framework.- Pure Exchange with Fixed Household Structure.- General Equilibrium with Fixed Household Structure and Production.- General Equilibrium with Variable Household Structure.- General Equilibrium with Endogenous Household Structure.- Cores.- Part III: Other Forms of Group Formation.- Clubs, Matching, etc.- Related Work.- Part IV: Extensions and Applications.- Power in General Equilibrium.- Risk Sharing Capacity: Markets versus Households.- Inefficient Household Decisions.- Public Goods and Public Choice.- Economic Policy Analysis and Implications.

Details
Erscheinungsjahr: 2017
Fachbereich: Volkswirtschaft
Genre: Recht, Sozialwissenschaften, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Inhalt: x
186 S.
1 s/w Illustr.
186 p. 1 illus.
ISBN-13: 9783319605159
ISBN-10: 3319605151
Sprache: Englisch
Herstellernummer: 978-3-319-60515-9
Ausstattung / Beilage: HC runder Rücken kaschiert
Einband: Gebunden
Autor: Haller, Hans
Gersbach, Hans
Auflage: 1st ed. 2017
Hersteller: Springer International Publishing
Springer International Publishing AG
Verantwortliche Person für die EU: Books on Demand GmbH, In de Tarpen 42, D-22848 Norderstedt, info@bod.de
Maße: 241 x 160 x 17 mm
Von/Mit: Hans Haller (u. a.)
Erscheinungsdatum: 07.08.2017
Gewicht: 0,465 kg
Artikel-ID: 109605672
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