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An experimental design using treatments of a voluntary contribution mechanism is used to test household efficiency. Efficiency is decisively rejected in all treatments contrary to the assumption of most household models. Information on initial endowments of spouses improves efficiency only in...
Persistent link: https://www.econbiz.de/10010319842
An experimental design using treatments of a voluntary contribution mechanism is used to test household efficiency. Efficiency is decisively rejected in all treatments contrary to the assumption of most household models. Information on initial endowments of spouses improves efficiency only in...
Persistent link: https://www.econbiz.de/10009704216
Persistent link: https://www.econbiz.de/10010256146
This paper uses different versions of a voluntary contribution mechanism in experimental games to test for household efficiency. Efficiency is decisively rejected in all treatments casting doubt on ‘unitary' and ‘collective' household models – significant amounts of potential surplus are...
Persistent link: https://www.econbiz.de/10013126127
Persistent link: https://www.econbiz.de/10008821638
Persistent link: https://www.econbiz.de/10012149551
Persistent link: https://www.econbiz.de/10012196240