Arbeitspapier
The Rotten Kid Theorem and Almost Transferable Utility
We assume like Bergstrom (1989) and Dijkstra (2007) that each child’s utility is treated as a normal good in the altruistic head’s utility function, and show that if utility functions lead to Almost Transferable Utility children can manipulate the tradeoff between their own utility and the parent’s utility through their own actions, but they have an incentive to maximize the altruistic head’s utility if the altruistic head also considers children’s utilities as Hicksian substitutes and hence the rotten kid theorem holds. A special class of such altruistic utility functions that treat utilities of children as normal and Hicksian substitutes are the Generalized Utilitarian Welfare functions.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 5642
- Klassifikation
-
Wirtschaft
State and Local Government; Intergovernmental Relations: General
- Thema
-
Rotten Kid Theorem
transferable utility
Hicksian substitutes
fiscal federalism
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gugl, Elisabeth
Leroux, Justin
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gugl, Elisabeth
- Leroux, Justin
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2015
Ähnliche Objekte (12)
Samaritan versus rotten kid: another look
Samaritan versus rotten kid: another look
Optimal Timing in Rotten Kid Families
Almost sure versions of weak limit theorems
Folk theorems with bounded recall under (almost) perfect monitoring
A utility representation theorem with weaker continuity condition
A utility representation theorem with weaker continuity condition
Quantile estimation based on the almost sure central limit theorem
An alternative proof for the linear utility representation theorem
The arbitrage Pricing Theorem with Non Expected Utility Preferences
Uniqueness of individual demand at almost every budget via Sard's theorem
KID
Samaritan versus rotten kid: another look
Samaritan versus rotten kid: another look
Optimal Timing in Rotten Kid Families
Almost sure versions of weak limit theorems
Folk theorems with bounded recall under (almost) perfect monitoring
A utility representation theorem with weaker continuity condition
A utility representation theorem with weaker continuity condition
Quantile estimation based on the almost sure central limit theorem
An alternative proof for the linear utility representation theorem
The arbitrage Pricing Theorem with Non Expected Utility Preferences
Uniqueness of individual demand at almost every budget via Sard's theorem
KID
Samaritan versus rotten kid: another look
Samaritan versus rotten kid: another look
Optimal Timing in Rotten Kid Families
Almost sure versions of weak limit theorems
Folk theorems with bounded recall under (almost) perfect monitoring
A utility representation theorem with weaker continuity condition
A utility representation theorem with weaker continuity condition
Quantile estimation based on the almost sure central limit theorem
An alternative proof for the linear utility representation theorem
The arbitrage Pricing Theorem with Non Expected Utility Preferences
Uniqueness of individual demand at almost every budget via Sard's theorem