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Efficient Intra-household Allocations: A General Characterization and Empirical Tests.

Abstract:

The neoclassical theory of demand applies to individuals, yet in empirical work it is usually taken as valid for households with many members. This paper explores what the theory of individuals implies for households that have more than one member. We make minimal assumptions about how the individual members of the household resolve conflicts. All we assume is that however decisions are made, outcomes are efficient. We refer to this as the collective setting. We show that in the collective se...

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Authors


Martin Browning More by this author
Pierre-André Chiappori More by this author
Journal:
Econometrica
Volume:
66
Issue:
6
Publication date:
1998-11-05
URN:
uuid:d0bce5ad-f966-4c78-ab98-0c4b0f723f25
Local pid:
oai:economics.ouls.ox.ac.uk:14768
Language:
English

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