The Bargaining Family Revisited Export

@article{konrad/lommerud_2000-cje, abstract = {We suggest a family bargaining model where human capital investment decisions are made non-cooperatively in a first stage, while day-to-day allocation of time is determined later through Nash bargaining, but with non-cooperative behaviour as the fall-back. One finding is that overinvestment in education may be even more of a problem in such a semi-cooperative model than in a fully non-cooperative one. Even though both the semi-cooperative model and the fully non-cooperative model predict overinvestment in education, policy conclusions that follow from the two models are distinctly different. JEL Classification: D13, J24}, author = {Konrad, Kai A. and Lommerud, Kjell E.}, citeulike-article-id = {592727}, citeulike-linkout-0 = {http://www.jstor.org/stable/2667441}, journal = {The Canadian Journal of Economics}, keywords = {family\_economics, microeconomics, theory}, number = {2}, pages = {471--487}, posted-at = {2007-08-23 17:42:23}, priority = {2}, title = {The Bargaining Family Revisited}, url = {http://www.jstor.org/stable/2667441}, volume = {33}, year = {2000} }

TY - JOUR ID - konrad/lommerud_2000-cje L3 - citeulike-article-id:592727 N2 - We suggest a family bargaining model where human capital investment decisions are made non-cooperatively in a first stage, while day-to-day allocation of time is determined later through Nash bargaining, but with non-cooperative behaviour as the fall-back. One finding is that overinvestment in education may be even more of a problem in such a semi-cooperative model than in a fully non-cooperative one. Even though both the semi-cooperative model and the fully non-cooperative model predict overinvestment in education, policy conclusions that follow from the two models are distinctly different. JEL Classification: D13, J24 IS - 2 JF - The Canadian Journal of Economics EP - 487 TI - The Bargaining Family Revisited VL - 33 SP - 471 KW - family_economics KW - microeconomics KW - theory AU - Konrad, Kai AU - Lommerud, Kjell PY - 2000/// UR - http://www.jstor.org/stable/2667441 ER -