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We extend the nonparametric ‘revealed preference’ methodology for analyzing collective consumption behavior (with … consumption externalities and public consumption), to render it useful for empirical applications that deal with welfare … preferences of the group members (in terms of consumption externalities and public consumption); and we show that these testing …
Persistent link: https://www.econbiz.de/10005762164
on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor …
Persistent link: https://www.econbiz.de/10004969337
collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a … nature of consumption externalities (positive or negative) in the intra-household allocation process is non-testable. The … same non-testability conclusion holds for privateness (with or without externalities) or publicness of consumption. By …
Persistent link: https://www.econbiz.de/10005822743