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The present paper investigates noncooperative models of labor supply. First, we develop a model of labour supply which generalizes most specifications that can be found in the literature. Then, we study the properties of testability and identifiability of this model and its variations. Finally,...
Persistent link: https://www.econbiz.de/10005811837
In this paper, we present a collective model of household demand based on Pareto-efficiency. In addition, we suppose that (i) each household member is egoistic and consumption is purely private, (ii) there is a set of distribution factors and (iii) there is one exclusive good. Then we derive the...
Persistent link: https://www.econbiz.de/10005811867
In the present paper, we adopt the collective approach to consumer behavior - which supposes that each household member is characterized by his/her own preferences and that the decision process results in Pareto-efficient outcomes - and assume, in addition, that agents are egoistic and...
Persistent link: https://www.econbiz.de/10005509930