McElroy, Marjorie B; Horney, Mary Jean - In: International Economic Review 31 (1990) 1, pp. 237-42
Pierre-Andre Chiappori's (1988) claim that the Nash-bargaining model is of "weak empirical relevance" and "neither convenient nor really restrictive" is incorrect. Nash-bargained household behavior implies a rich set of empirical implications extending well beyond the Pareto efficiency of...