Kotlikoff, Laurence J.; Razin, Assaf; Rosenthal, Robert W. - 2021
consumption in altruistic settings, potential recipients can threaten to refuse as well as accept transfers. We apply the Extended … choose a threat point noncooperatively; this threat point then influences the final allocation of consumption through the … endowments and the equilibrium threats, and thus the final allocation of consumption. The feature of the cooperative model …