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This study proposes a novel approach for estimating the rules governing the distribution of resources among wife, husband and children, using a complete collective demand system with individual Engel effects. The model contributes to the literature by explicitly modeling intrahousehold...
Persistent link: https://www.econbiz.de/10010934842
The present article aims at contributing to the literature on children welfare evaluation by taking into account intra-household distribution of resources and, as a consequence, intra-household inequality. This task cannot be accomplished within the standard framework of unitary models of...
Persistent link: https://www.econbiz.de/10008564423
This study extends the Rational Addiction theory by introducing an endogenous discounting of future utilities. The discount rate depends on habits accumulation over time which occur because of the repeated consumption of an addictive good. The endogeneity of the discount rate affects consumption...
Persistent link: https://www.econbiz.de/10011127988