Group Consumption with Caring Individuals

A-Tier
Journal: Economic Journal
Year: 2020
Volume: 130
Issue: 627
Pages: 587-622

Score contribution per author:

1.009 = (α=2.02 / 4 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We propose a novel approach to model joint consumption decisions of individuals who care for each other. The model encompasses a continuum of group consumption models situated between the fully co-operative model and the non-cooperative model without caring. We also define a measure for the degree of intragroup cooperation that quantifies how close the observed group behaviour is to fully co-operative behaviour. Following a revealed preference approach, we derive testable implications of the model for empirical data. We use our model to analyse decisions made by children in an experimental setting.

Technical Details

RePEc Handle
repec:oup:econjl:v:130:y:2020:i:627:p:587-622
Journal Field
General
Author Count
4
Added to Database
2026-01-25