Arbeitspapier
Testing the Pareto efficiency of household resource allocations
In a careful and thorough empirical study, Christopher Udry (1996) shows convincingly that, in a large sample of West African households, household resource allocations were not Pareto efficient. This paper argues that observation of the Pareto inefficiency of a household resource allocation does not however refute the hypothesis that it chooses this resource allocation as if it maximises some form of household welfare function possessing the Pareto property. To refute that hypothesis it is necessary to show that the observed allocation does not represent a second best optimum. For this it will be necessary to show that the estimated parameters of the model lie in a region of the parameter space for which the second best optimality of the allocation does not hold.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 2322
- Classification
-
Wirtschaft
Consumer Economics: Empirical Analysis
Household Production and Intrahousehold Allocation
Analysis of Collective Decision-Making: General
Economics of Gender; Non-labor Discrimination
Time Allocation and Labor Supply
Microeconomic Analyses of Economic Development
Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
- Subject
-
empirical test
Pareto efficiency
household welfare
Haushaltsökonomik
Pareto-Optimum
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Apps, Patricia
Rees, Ray
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2008
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Apps, Patricia
- Rees, Ray
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2008
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