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Udry (1996) uses household survey data and finds that the allocation of resources within households is Pareto inefficient, contradicting the main assumption of most collective models of intrahousehold bargaining. He finds that among plots planted with the same crop in the same year, within a...
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Introduction to The General Theory of Second Best, Its Central Implications, and the Appropriate Way to Respond to It … -- The Economics Profession’s Responses to The General Theory of Second Best: Descriptions and Critiques -- The Concept of …This book examines the implications of The General Theory of Second Best for analyzing the economic efficiency of non …
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