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The Empirical Content of Nash-Bargained Household Behavior
Abstract
In households whose allocation decisions can be represented as Nash-bargained household decisions, extrahousehold environmental parameters (EEPs) serve as pure shifters of the threat points. The comparative statics of changes in demands due to changes in these EEPs are given. These are incorporated into a comprehensive statement of the empirical content of Nash-bargained household behavior, including a Nash generalization of Barten's (1966) fundamental matrix equation of the theory of consumer demand. Estimation and data requirements are discussed along with nested testing of the following structure: the neoclassical model is nested in the Nash-bargained model which, in turn, is nested in an unrestricted model of household demands. Emphasized throughout is the enriched menu of explanatory variables for demand analysis provided by the Nash model, as well as the model's ability to jointly analyze (i) household formation and (ii) intrahousehold allocation decisions.
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Becker, G. S. (1991) · doi:10.4159/9780674020665 · Cited by 10,565
Shadow Prices, Market Wages, and Labor Supply
Heckman, J. (1974) · Econometrica · doi:10.2307/1913937 · Cited by 1,852
Cited by
The analysis of household surveys: A microeconometric approach to development policy
Deaton, A. (1997) · doi:10.1596/0-8018-5254-4 · Cited by 4,877
Testing the Neoclassical Model of Family Labor Supply and Fertility
Schultz, T. P. (1990) · The Journal of Human Resources · doi:10.2307/145669 · Cited by 601
Introducing Household Production in Collective Models of Labor Supply
Chiappori, P.-A. (1997) · Journal of Political Economy · doi:10.1086/262071 · Cited by 401
Male-female differences in agricultural productivity: Methodological issues and empirical evidence
Quisumbing, A. R. (1996) · World Development · doi:10.1016/0305-750x(96)00059-9 · Cited by 351
Collective models of household behavior
Bourguignon, F., & Chiappori, P.-A. (1992) · European Economic Review · doi:10.1016/0014-2921(92)90091-a · Cited by 275
Metadata
- Authors
- McElroy, M. B.
- Venue
- The Journal of Human Resources
- Publisher
- JSTOR
- Published
- 1990
- Volume
- 25
- Issue
- 4
- Pages
- 559
- ISSN
- 0022-166X (ISSN-L)
- OpenAlex
- W1732869701
- Cited by
- 683
- References
- 2
- FWCI
- 18.45
- Type
- journal article
- Language
- en
- Open access
- closed
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