Reference Entry

household decision-making

Nigar Hashimzade, Gareth Myles and John Black

in A Dictionary of Economics

Fifth edition

Published in print January 2017 | ISBN: 9780198759430
Published online January 2017 | e-ISBN: 9780191819940
household decision-making

Show Summary Details

Preview

A model of collective decision-making on consumption and labour supply inside a household in which a sharing rule specifies how the collective budget is distributed among the household members. Household decision-making is cooperative if all members pursue the maximization of a common objective function. It is non-cooperative if the members pursue personal objectives and engage in ...

Reference Entry.  65 words. 

Subjects: Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content. subscribe or purchase to access all content.