MODELING THE INTRA-HOUSEHOLD ALLOCATION PROCESS

With respect to the household allocation process, this is done in two ways, either through common utility models or through collective models. In this article the author presents briefly the two types of models and the differences between them, discussing then a simple empirical test of the collective vs. common utility model. As an example, it has derived the test for a particular functional form of the cost function, namely the quadratic cost function.

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Year of publication:	2001
Authors:	Pauna, Bianca
Published in:	Journal for Economic Forecasting. - Institutul de Prognoza Economica. - 2001, 3, p. 78-87
Publisher:	Institutul de Prognoza Economica
Subject:	households’ behavior \| allocation process \| consumption

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Type of publication:	Article
Classification:	E2 - Consumption, Saving, Production, Employment, and Investment ; D1 - Household Behavior and Family Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005827596