Intrafamily Bargaining and Household Decisions
Ott, Notburga![Intrafamily Bargaining and Household Decisions](https://support.digitalhusky.com/media/annotations/sorted/133/13335290/CHSBZCOP0313335290.jpg)
A model of household decisions based on a bargainingapproach is developed providing a comprehensive frameworkfor the analysis of family behavior. Treating the family asan economic organization, household behavior is explained bythe cooperation of utility maximizing individuals. Thedifference to traditional microeconomic household models isthat theassumption of a joint household utility functionis abandoned. Instead of this, a game theoretic ap...