Intrafamily Bargaining and Household Decisions
Aus der Reihe
Microeconomic Studies
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Form:Einzelkauf Download
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Sprache:Englisch
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Produktdetails
Format
Kopierschutz
Nein
Family Sharing
Nein
Text-to-Speech
Nein
Erscheinungsdatum
06.12.2012
Verlag
SpringerSeitenzahl
242 (Printausgabe)
Dateigröße
29166 KB
Auflage
1992
Sprache
Englisch
EAN
9783642457081
A model of household decisions based on a bargaining
approach is developed providing a comprehensive framework
for the analysis of family behavior. Treating the family as
an economic organization, household behavior is explained by
the cooperation of utility maximizing individuals. The
difference to traditional microeconomic household models is
that theassumption of a joint household utility function
is abandoned. Instead of this, a game theoretic approach is
used to model family decisions as a result of intrafamily
bargaining. Considering the development of the spouses`
human capital in a dynamic approach, the long-term effects
of intrafamily specialization in market work and work at
home are analyzed. Onemajor finding is that in a dynamic
setting non-Pareto efficient allocations may result.
Empirical tests demonstrate the relevanace of the bargaining
approach.
approach is developed providing a comprehensive framework
for the analysis of family behavior. Treating the family as
an economic organization, household behavior is explained by
the cooperation of utility maximizing individuals. The
difference to traditional microeconomic household models is
that theassumption of a joint household utility function
is abandoned. Instead of this, a game theoretic approach is
used to model family decisions as a result of intrafamily
bargaining. Considering the development of the spouses`
human capital in a dynamic approach, the long-term effects
of intrafamily specialization in market work and work at
home are analyzed. Onemajor finding is that in a dynamic
setting non-Pareto efficient allocations may result.
Empirical tests demonstrate the relevanace of the bargaining
approach.
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