Household Intertemporal Behavior : a Collective Characterization and a Test of Commitment ∗


In this paper, a formal test of intra-household commitment is derived and performed. To that end, two models of household intertemporal behavior are developed. In both models, household members are characterized by individual preferences. In the first formulation, household decisions are always on the ex-ante Pareto frontier. In the second model, the… (More)

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