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This note develops a method of recovering individual preferences, and of obtaining money-metricindividual welfare comparisons, from demand functions generated by Cournot-Nash equilibria ingames with public goods.
Persistent link: https://www.econbiz.de/10005869209
We examine the implications of an income redistribution from men to women for the welfare ofmothers and their children. We develop a Cournot model of a two-person household whereagents provide market labor and allocate their spending between a private consumption good andgoods for children. We...
Persistent link: https://www.econbiz.de/10005869221