The Collective Household Enterprise Model: An Empirical Analysis
AbstractThis paper estimates a household model where both the production and consumption sides are observed. The household activities produce both marketable and nonmarketable products. Family members consume market goods, domestically produced goods and leisure. This household equilibrium model is described within a collective framework. The data are from a nation-wide sample of Italian farm-households. The estimation is implemented using a generalized Heckman estimator to account for corner solutions generated by the fact that not all households are engaged in all enterpreneurial activities and do not consume some of all goods and leisure. The identification of the sharing rule stems from the assignability of clothing consumption and leisure.
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Bibliographic InfoPaper provided by European Association of Agricultural Economists in its series 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland with number 120379.
Date of creation: 2011
Date of revision:
Household collective model; household and domestic productions; consumption and leisure; separability; Consumer/Household Economics;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-02-20 (All new papers)
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