Open access
Date
2011-04Type
- Working Paper
ETH Bibliography
yes
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Abstract
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 equilibrium. Moreover, a member who experiences an increase of positive emotional benefits in a group may become worse off in equilibrium. Show more
Permanent link
https://doi.org/10.3929/ethz-a-006435852Publication status
publishedJournal / series
Economics Working Paper SeriesVolume
Publisher
ETH Zurich, Center of Economic Research (CER-ETH)Subject
Group formation; Competitive markets; Human relation; ExitOrganisational unit
02045 - Dep. Geistes-, Sozial- u. Staatswiss. / Dep. of Humanities, Social and Pol.Sc.03729 - Gersbach, Hans / Gersbach, Hans
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Is previous version of: http://hdl.handle.net/20.500.11850/64576
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ETH Bibliography
yes
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