We study the testability implications of public versus private consumption in collective models of group consumption. The distinguishing feature of our approach is that we start from a revealed preference characterization of collectively rational behavior. Remarkably, we find that assumptions...

This article provides an analysis of recent progress achieved in two areas of European policy relevant for cross-border savings: banking union and taxation. The creation of a banking union is still in progress but some of its instruments have a limited size and their implementation will require...

We present revealed preference characterisations of Nash-bargained consumption decisions in a two-player game. Our main analysis focuses on the symmetric Nash-bargaining solution with observed threat point bundles. However, we also present the testable implications of the generalised...