Household behavior and individual autonomy: an extended Lindahl mechanism

B-Tier
Journal: Economic Theory
Year: 2014
Volume: 55
Issue: 3
Pages: 643-664

Authors (2)

Claude d’Aspremont (not in RePEc) Rodolphe Dos Santos Ferreira (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

We present a comprehensive model of household economic decision covering both full cooperation and noncooperation as well as semi-cooperative cases, varying with income distribution and a parameter vector $$\theta $$ θ representing degrees of individual autonomy with respect to the public goods. In this model, the concept of “household $$\theta $$ θ -equilibrium” is introduced through the reformulation of the Lindahl equilibrium for Nash implementation and its extension to semi-cooperation. Existence is proved and some generic properties derived. An example is given to illustrate. An important benefit of this approach is to allow for a compact and unified investigation of the testable (local) restrictions of household demand. A particular decomposition of the pseudo-Slutsky matrix is derived and the testability of the various models discussed. Copyright Springer-Verlag Berlin Heidelberg 2014

Technical Details

RePEc Handle
repec:spr:joecth:v:55:y:2014:i:3:p:643-664
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25