Konrad, K.A.; Lommerud, K.E. - Institutt for Økonomi, Universitetet i Bergen - 2000
We suggest a family bargaining model where human capital investment decisions are made non-cooperatively in a first stage, while day-to-day allocation of time is determined later through Nash bargaining, but with non-cooperative behaviour as the fall-back. One finding is that overinvestment in...