Microeconomic Studies

Intrafamily Bargaining and Household Decisions

Authors: Ott, Notburga

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About this book

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.

Table of contents (13 chapters)

  • Introduction

    Ott, Notburga

    Pages 1-5

  • Models of the ‘new home economics’

    Ott, Notburga

    Pages 6-18

  • Family decisions as a bargaining problem

    Ott, Notburga

    Pages 19-32

  • A Nash bargaining model for household decisions

    Ott, Notburga

    Pages 33-45

  • Time allocation in a static bargaining model with household production

    Ott, Notburga

    Pages 46-67

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-3-642-45708-1
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $149.00
price for USA
  • ISBN 978-3-642-45710-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Intrafamily Bargaining and Household Decisions
Authors
Series Title
Microeconomic Studies
Copyright
1992
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin · Heidelberg
eBook ISBN
978-3-642-45708-1
DOI
10.1007/978-3-642-45708-1
Softcover ISBN
978-3-642-45710-4
Series ISSN
1431-6005
Edition Number
1
Number of Pages
VIII, 242
Topics