A model of household decisions based on a bargaining approach is
developed providing a comprehensive framework for the analysis of
family behavior. Treating the family as an economic organization,
household behavior is explained by the cooperation of utility
maximizing individuals. The difference to traditional microeconomic
household models is that theassumption 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 the spouses human
capital in a dynamic approach, the long-term effects of intrafamily
specialization in market work and work at home are analyzed.
Onemajor finding is that in a dynamic setting non-Pareto efficient
allocations may result. Empirical tests demonstrate the relevanace
of the bargaining approach.
General
| Imprint: |
Springer-Verlag
|
| Country of origin: |
Germany |
| Series: |
Microeconomic Studies |
| Release date: |
February 2012 |
| First published: |
1992 |
| Authors: |
Notburga Ott
|
| Dimensions: |
244 x 170 x 13mm (L x W x T) |
| Format: |
Paperback
|
| Pages: |
242 |
| Edition: |
Softcover reprint of the original 1st ed. 1992 |
| ISBN-13: |
978-3-642-45710-4 |
| Categories: |
Books >
Business & Economics >
Economics >
Political economy
|
| LSN: |
3-642-45710-X |
| Barcode: |
9783642457104 |
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