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Item Details
| Title:
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INTRAFAMILY BARGAINING AND HOUSEHOLD DECISIONS
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| By: |
Notburga Ott |
| Format: |
Hardback |
| List price:
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£72.00 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
3540550615 |
| ISBN 13: |
9783540550617 |
| Publisher: |
SPRINGER-VERLAG BERLIN AND HEIDELBERG GMBH & CO. KG |
| Pub. date: |
16 March, 1992 |
| Series: |
Microeconomic Studies |
| Pages: |
242 |
| Description: |
This monograph develops a model of household decisions based on a bargaining approach, which aims to provide a framework for the analysis of family behaviour. Treating the family as an economic organization, household behaviour is explained as the co-operation of utility-maximizing individuals. |
| Synopsis: |
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. |
| Illustrations: |
13 black & white tables, biography |
| Publication: |
Germany |
| Imprint: |
Springer-Verlag Berlin and Heidelberg GmbH & Co. K |
| Returns: |
Returnable |
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