A Simple Model of Collective Consumption.
In this paper, we present a collective model of household demand based on Pareto-efficiency. In addition, we suppose that (i) each household member is egoistic and consumption is purely private, (ii) there is a set of distribution factors and (iii) there is one exclusive good. Then we derive the testable restrictions which are implied by this theoretical setting.
Year of publication: |
2004
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Authors: | Donni, Olivier |
Institutions: | Département et Laboratoire d'Économie Théorique Appliquée (DELTA), École Normale Supérieure (ENS Paris) |
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