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Consider a model of bargaining, in which two players, 1 and 2, share a pie of size y. The bargaining environment is described by a set of parameters ? that may affect agents' preferences over the agreement sharing, the status quo outcome, or both. The outcomes (i.e., whether an agreement is...
Persistent link: https://www.econbiz.de/10005696311
In this paper, we adopt the collective approach to consumer behavior --- which supposes that each household member is characterized by his/her own preferences and the decision process results in Pareto-efficient outcomes --- and assume, in addition, that agents are egoistic and consumption is...
Persistent link: https://www.econbiz.de/10005699621
We investigate the empirical content of the Nash solution to two-player bargaining games. The bargaining environment is described by a set of variables that may affect agents' preferences over the agreement sharing, the status quo outcome, or both. The outcomes (i.e. whether an agreement is...
Persistent link: https://www.econbiz.de/10010575571
The present paper develops a theoretical model of labor supply with domestic production. It is shown that the structural components of the model can be identified without a distribution factor, thereby generalizing the initial results of Apps and Rees (1997) and Chiappori (1997). The theoretical...
Persistent link: https://www.econbiz.de/10008568267
A collective model of labour supply is contructed under the assumption that consumption is purely public. In that case, the decision process can be described by a Lindahl equilibrium. The endowment, the preferences and the price for the public good of each household member can be recovered from...
Persistent link: https://www.econbiz.de/10008578838
Persistent link: https://www.econbiz.de/10011037688
We consider the decisions of a married couple in a risky environment. The distribution of spouses’ bargaining power may change as a result of new outside opportunities that become available to them, so that individual consumption may fluctuate over time. This is what we call “bargaining...
Persistent link: https://www.econbiz.de/10011065186
In the present paper, we adopt the collective approach to consumer behavior - which supposes that each household member is characterized by his/her own preferences and that the decision process results in Pareto-efficient outcomes - and assume, in addition, that agents are egoistic and...
Persistent link: https://www.econbiz.de/10005509930
This article deals with female labour supply in the collective framework. It studies married couples and starting from the empirical observation that the husband's labour supply is generally fixed at full-time. It shows that, in this case, structural elements of the decision process, such as...
Persistent link: https://www.econbiz.de/10005232001
In this paper, we present a collective model of household demand based on Pareto-efficiency. In addition, we suppose that (a) each household member is egoistic and consumption is purely private, (b) there is a set of distribution factors and (c) there is one exclusive good. Then we derive the...
Persistent link: https://www.econbiz.de/10005466978