Overview

A model of household decisions based on a bargaining approach is developed, providing a comprehensive framework for the analysis of family behaviour. Treating the family as an economic organization, household behaviour is explained by the co-operation of utility maximizing individuals. The difference from traditional microeconomic household models is that the assumption of a joint household utility function is abandoned. Instead of this, a game theoretic approach is used to model family decisions as a result of intrafamily bargaining. Considering the development of ther spouses' human capital in a dynamic approach, the long-term effects of intrafamily specialization in market work and work at home are analyzed. One major finding is that in a dynamic setting non-Pareto efficient allocations may result. Empirical tests demonstrate the relevance of the bargaining approach.

Full Product Details

Author:   Notburga Ott
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Weight:   0.590kg
ISBN:  

9783540550617

ISBN 10:   3540550615
Pages:   242
Publication Date:   16 March 1992
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Out of stock  
The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available.

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