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We provide a nonparametric 'revealed preference' characterization of rational household behavior in terms of the collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a Collective Axiom of Revealed Preference (CARP), which provides...
Persistent link: https://www.econbiz.de/10010269151
We investigate a setting in which members of a population, bifurcated into a majority and a minority, transact with randomly matched partners. All members are uniformly altruistic, and each transaction can be carried out cooperatively or through a market mechanism, with cooperative transactions...
Persistent link: https://www.econbiz.de/10010262489
renegotiation-proof. Second, it introduces parental altruism. The behavioural and policy implications are illustrated by showing the … effects of public pensions and credit rationing. These implications are not much affected by whether altruism is assumed or …
Persistent link: https://www.econbiz.de/10010267482
-selection and allocation decisions of agents who differ in altruism towards clients. When bureaucrats are paid flat wages, they do … of the altruism distribution. We also show how client composition affects sorting and why street-level bureaucrats often …
Persistent link: https://www.econbiz.de/10010269193
colleagues, which in turn creates co-worker altruism. We study how financial incentives for productive activities can improve or …
Persistent link: https://www.econbiz.de/10010269508
The paper aims to ascertain whether voluntary money transfers may be explained by the existence of self-enforcing family constitutions. We identify a circumstance in which an agent will behave differently if she is optimizing subject to a family constitution, than if she is moved by either...
Persistent link: https://www.econbiz.de/10010273995
language, can be made precise in economic models of child labor. Exploitation is defined relative to a specific social welfare … function. I first show that under the standard dynastic social welfare function, which is commonly applied to intergenerational … models, child labor is never exploitative. In contrast, under an inclusive welfare function, which places additional weight …
Persistent link: https://www.econbiz.de/10010319596
treatment of the demand for adoption. We show that the propensity to adopt a child increases in the degree of own altruism …
Persistent link: https://www.econbiz.de/10010283945
We construct a theory of intergenerational preference transmission that rationalizes the choice between alternative … altruism towards children. They can affect their children's choices via two channels: either by influencing their preferences …
Persistent link: https://www.econbiz.de/10010291395
, which can be interpreted as weak evidence for parental altruism. The paper uses data from the German Socio-Economic Panel …
Persistent link: https://www.econbiz.de/10010261955