Kimura, Masako; Yasui, Daishin - Institute of Economic Research, Kyoto University - 2008
fertility. The government provides every child with goods that can also be purchased by parents in private markets, and the … households' fertility decision. The sequential interaction between fertility and political decisions might lead to multiple … equilibria: equilibrium with high-fertility and low-private/public-spending-ratio and equilibrium with lowfertility and high …