Bargain, Olivier (contributor); Donni, Olivier (contributor) - 2007
. We consider a household that comprises an adult and a child. The household behavior is described by the maximization of … the adult's utility function, which depends on the child's welfare, subject to a budget constraint. The relative effects … of a price subsidy and of a cash benefit on child welfare are then derived. In particular, it is shown that 'favorable …