Testing the Behavior of Romanian Households
This article aims to answer questions related to which model is more adequate to describe the Romanian household’s behavior. There are two types of models, which are used whenever one attempts to model household allocation decision: the common utility model and the collective model. In this paper we test both the implications of the common utility model and the implications of the collective model using Romanian household data. The results are very strong. The common utility model fails to describe accurately the household’s behavior, while the restrictions that the collective model imposes on the demand functions are supported by the Romanian household data.
Volume (Year): 6 (2009)
Issue (Month): 3 (September)
|Contact details of provider:|| Postal: Casa Academiei, Calea 13, Septembrie nr.13, sector 5, Bucureşti 761172|
Phone: 004 021 3188148
Fax: 004 021 3188148
Web page: http://www.ipe.ro/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:rjr:romjef:v:6:y:2009:i:3:p:85-99. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Corina Saman)
If references are entirely missing, you can add them using this form.