Champarnaud, Luc; Michel, Philippe - In: L'Actualité Economique 76 (2000) 4, pp. 501-520
We construct a two-periods OLG model in which households produce domestically a non-observable and transmissible commodity: "household culture" using cultural goods and transmitted culture as inputs. Parents fail to internalise the effect of unvoluntarily transmitted culture on their children's...