Competitive Markets, Collective Decisions and Group Formation

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.

• Publication year

  2003

• Venue

  Social Science Research Network

• Publication date

  2003-05-01

• Fields of study

  Economics

• Identifiers
  DOI 10.2139/ssrn.415021
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

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