Intergenerational transfers in rural households: A game theoretical approach
AbstractThe household membership decision is viewed as a “research project” where the offspring invests in human and non human capital to influence the probability of finding an alternative to the parental household. The problem is formulated as a differential game between a selfish offspring and altruistic parents. The solution is consistent with facts” such as the “flexibility of inheritance systems” and the “generational fragmentation” of the family property when the economic opportunities expand outside the parental household.
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Bibliographic InfoPaper provided by Faculdade de Economia e Gestão, Universidade Católica Portuguesa (Porto) in its series Working Papers de Economia (Economics Working Papers) with number 03.
Length: 15 pages
Date of creation: Apr 2007
Date of revision:
intergenerational transfers; rural households; game theory;
Other versions of this item:
- Américo Mendes, 2005. "Intergenerational transfers in rural households: A game theoretical approach," Labor and Demography 0503004, EconWPA.
- J - Labor and Demographic Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-05-19 (All new papers)
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