Arbeitspapier
Cooperative household models
We set out a general framework for cooperative household models, based on Samuelson's idea of a household welfare function, but extending it to incorporate the key insight from Nash bargaining models - the idea that the household's preference ordering over the utility profiles of its members depends on their wage rates (or prices more generally) and non-wage incomes. Applying reasonable general restrictions on the effects of changes in these variables allows derivation of the general implications of cooperative models.
- Language
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Englisch
- Bibliographic citation
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Series: IZA Discussion Papers ; No. 3127
- Classification
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Wirtschaft
- Subject
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Generalisation
household
model
Haushaltsökonomik
Soziale Wohlfahrtsfunktion
Verhandlungstheorie
Theorie
- Event
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Geistige Schöpfung
- (who)
-
Apps, Patricia
Rees, Ray
- Event
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Veröffentlichung
- (who)
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Institute for the Study of Labor (IZA)
- (where)
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Bonn
- (when)
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2007
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Apps, Patricia
- Rees, Ray
- Institute for the Study of Labor (IZA)
Time of origin
- 2007