Groups and Markets

General Equilibrium with Multi-member Households

Nonfiction, Science & Nature, Mathematics, Game Theory, Business & Finance, Economics, Microeconomics
Cover of the book Groups and Markets by Hans Gersbach, Hans Haller, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Hans Gersbach, Hans Haller ISBN: 9783319605166
Publisher: Springer International Publishing Publication: July 29, 2017
Imprint: Springer Language: English
Author: Hans Gersbach, Hans Haller
ISBN: 9783319605166
Publisher: Springer International Publishing
Publication: July 29, 2017
Imprint: Springer
Language: English

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

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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

More books from Springer International Publishing

Cover of the book Electromagnetic Foundations of Solar Radiation Collection by Hans Gersbach, Hans Haller
Cover of the book Reviews of Physiology, Biochemistry and Pharmacology, Vol. 172 by Hans Gersbach, Hans Haller
Cover of the book Computer Performance Engineering by Hans Gersbach, Hans Haller
Cover of the book Programming Languages and Systems by Hans Gersbach, Hans Haller
Cover of the book The Paris Agreement by Hans Gersbach, Hans Haller
Cover of the book Strategy Formation and Policy Making in Government by Hans Gersbach, Hans Haller
Cover of the book Fluid-structure Interactions by Hans Gersbach, Hans Haller
Cover of the book Indian Indenture in the Danish West Indies, 1863-1873 by Hans Gersbach, Hans Haller
Cover of the book Handbook of Ocean Container Transport Logistics by Hans Gersbach, Hans Haller
Cover of the book Molecular Machines and Motors by Hans Gersbach, Hans Haller
Cover of the book Viability and Sustainability of Small-Scale Fisheries in Latin America and The Caribbean by Hans Gersbach, Hans Haller
Cover of the book Geometry, Algebra and Applications: From Mechanics to Cryptography by Hans Gersbach, Hans Haller
Cover of the book Computational Intelligence Methods for Bioinformatics and Biostatistics by Hans Gersbach, Hans Haller
Cover of the book Exploring Animal Encounters by Hans Gersbach, Hans Haller
Cover of the book Mathematician for All Seasons by Hans Gersbach, Hans Haller
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy