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Book 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.

Book details

Book category Books in English Economics, finance, business & management Economics Political economy

• Full title: Intrafamily Bargaining and Household Decisions
• Author: Notburga Ott
• Language: English
• Binding: Paperback
• Number of pages: 242
• EAN: 9783642457104
• ISBN: 9783642457104
• ID: 06622514
• Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
• Weight: 442 g
• Dimensions: 244 × 170 × 14 mm
• Date of publishing: 17. February 2012

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