Konrad, Kai A.; Lommerud, Kjell Erik - C.E.P.R. Discussion Papers - 1996
We suggest a family bargaining model where human capital investment decisions are made non-cooperatively in a first … as the fall back. Several authors have claimed that non-cooperative behaviour is a more appropriate fall back in family … bargaining than utilities as single. We argue that the empirical implications of the two approaches are quite parallel. A second …