Interrelated Consumer Preference and Voluntary Exchange

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Interrelated Consumer Preference and Voluntary Exchange

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Ted Bergstrom (University of California, Santa Barbara)

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Ted Bergstrom

Abstract

This paper presents a model of interrelated preferences for pairs of individuals. It investigates the possibility of an equilibrium with voluntary transactions. It identifies the puzzling case of two people who disagree because each wants the other to have the better part and shows that if this is assumed away, then there exists a competitive equilibrium with voluntary bilateral gifts.

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Paper provided by Department of Economics, UC Santa Barbara in its series University of California at Santa Barbara, Economics Working Paper Series with number 1971B.

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Date of creation: 01 Mar 1971
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Handle: RePEc:cdl:ucsbec:1971b

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Ted Bergstrom, 1994. "A Survey of Theories of the Family," Labor and Demography 9401001, EconWPA, revised 10 Oct 1994. [Downloadable!]
Other versions:
- Ted Bergstrom, 1995. "A Survey of Theories of the Family," University of California at Santa Barbara, Economics Working Paper Series 1995D, Department of Economics, UC Santa Barbara. [Downloadable!]
- Bergstrom, T.C., 1993. "A Survey of Theories of the Family," Papers 93-02, Michigan - Center for Research on Economic & Social Theory.
- Ted Bergstrom, 1995. "A Survey of Theories of the Family," Papers _027, University of Michigan, Department of Economics. [Downloadable!]
- Bergstrom, Theodore C., 1993. "A survey of theories of the family," Handbook of Population and Family Economics, in: M. R. Rosenzweig & Stark, O. (ed.), Handbook of Population and Family Economics, edition 1, volume 1, chapter 2, pages 21-79 Elsevier. [Downloadable!] (restricted)

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This page was last updated on 2009-11-16.

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