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This paper applies the theory of relational contracts to make precise the idea that because households are engaged in a … Samuelson. This nests as special cases the objective functions used in currently popular models of households engaged in one …
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This article considers non-unitary models of household behavior. These models suppose explicitly that households …
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exponential utility allows us to derive an explicit relationship between optimal money holdings, the household?s desire to tilt …
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In this paper, we attempt to shed light on whether Japanese households are rational or if their behavior is influenced …
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This paper characterizes the trade-off between the income gains and the inequality costs of trade using survey data for 54 developing countries. Tariff data on agricultural and manufacturing goods are combined with household survey data on detailed income and expenditure patterns to estimate the...
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