In the present paper, we develop a new approach to deal with female labor supply in the so-called collective framework. It is often empirically observed that the husband's labor supply is fixed at full-time or determined by demand-side constraints. From this observation, we elaborate a model...

This paper inverts the usual logic of the applied optimal income taxation literature. Standard practice analyzes the shape of the optimal tax schedule that is consistent with a given social welfare function, a statistical distribution of individual productivities that fits available data on...

The dual motives of housing behaviour, consumption and investment, make the analysis of housing purchases quite difficult. Nevertheless, it is better to refer to a model that keeps the two-dimensional aspects of housing. In the absence of institutional considerations, this model predicts that it...

This paper studies optimality in dynamic stochastic economies with finitely lived agents. In this set up, an agent's utility level depends on the date at which it is evaluated, and on the available information at that date. A family of Pareto optimality concepts may be defined accordingly, with...

This collective approach to household consumption behavior tries to infer from variables supposed to affect general bargaining position of household members information on the allocation of consumptions goods and tasks among them. This paper investigates the extension of previous work to the...

There are two goods in the economy: a numeraire and a conspicuous (or positional) good. A type maximizes his utility which is a function of the numeraire and the inference of his unobservable rank by other agents. A conspicuous good is an observed signal and Bayesian inference is given by a...