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This paper examines how Frisch labor supplies, and other structural components of the intertemporal model of labor supply, can be recovered from estimates obtained with the approach developed by Heckman and MaCurdy
Persistent link: https://www.econbiz.de/10012774191
In this paper, I consider a collective model of labour supply and assume that consumption is purely public. Then, I show that the decision process can be described by a Lindahl equilibrium. The endowments, the preferences and the prices for the public good of each household member can be...
Persistent link: https://www.econbiz.de/10014058232
Consider a model of bargaining, in which two players, 1 and 2, share a pie of size y. The bargaining environment is described by a set a parameters λ that may affect agents' preferences over the agreement sharing, the status quo outcome, or both. The outcomes (i.e., whether an agreement is...
Persistent link: https://www.econbiz.de/10014058235