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This paper applies the theory of relational contracts to make precise the idea that because households are engaged in a repeated non-cooperative game, Pareto efficient outcomes can be supported by self interest, given the specific pattern of specialisation and exchange which exists in the...
Persistent link: https://www.econbiz.de/10003847154
This paper applies the theory of relational contracts to make precise the idea that because households are engaged in a repeated non-cooperative game, Pareto efficient outcomes can be supported by self interest, given the specific pattern of specialisation and exchange which exists in the...
Persistent link: https://www.econbiz.de/10013159339
-household bargaining model featuring endogenous social norms. In contrast to the previous literature, which assumes a homogeneous social …
Persistent link: https://www.econbiz.de/10014314080
ultimately not formed. Articulation of hypothetical outside options in the bargaining process determines the relative bargaining …
Persistent link: https://www.econbiz.de/10012780465
A matching model with labor/leisure choice and bargaining frictions is used to explain (i) differences in GDP per hour … is similar in both economies, the share of part-time work is larger. -- model of search and matching ; bargaining …
Persistent link: https://www.econbiz.de/10003082107
A matching model with labor/leisure choice and bargaining frictions is used to explain (i) differences in GDP per hour …
Persistent link: https://www.econbiz.de/10013318320
Persistent link: https://www.econbiz.de/10012510377
child labor and compulsory schooling generally affects both the threat point and the feasible set of bargaining outcomes … ; bargaining …
Persistent link: https://www.econbiz.de/10003985749
transfers by their elderly parents. We consider a bargaining model with single-child families. Daughters have a lower labor … market wage and a lower bargaining power within the family with respect to sons. Consequently, they provide more informal …
Persistent link: https://www.econbiz.de/10013337358
transfers by their elderly parents. We consider a bargaining model with single-child families. Daughters have a lower labor … market wage and a lower bargaining power within the family with respect to sons. Consequently, they provide more informal …
Persistent link: https://www.econbiz.de/10013343238