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This paper focuses on strategic interaction within a family and examines individual decision making. We set up a two-stage game model. In the first stage of the game, a man and a woman who have not yet met simultaneously determine their education levels non-cooperatively. In the second stage,...
Persistent link: https://www.econbiz.de/10011154646
This paper reexamines results of Konrad and Lommerud (2000). They construct a two-stage game model of a family. We show that their result crucially depends on their linear payoff function and obtain an opposite result if the interaction within a family is represented by a non-linear function;...
Persistent link: https://www.econbiz.de/10005816422
Persistent link: https://www.econbiz.de/10010470391