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the household allocation problem. Short-run constraints ensure that each spouse obtains a utility level at least equal to … utility level equal to a least what they would realize by cheating on the efficient allocation and receiving Nash equilibrium … weight of 0.5 for each spouse assumed to apply to all households. -- Household time allocation ; grim trigger strategy …
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In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10009766248
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10009753717