Modeling The Intra-Household Allocation Process
With respect to the household allocation process, this is done in two ways, either through common utility models or through collective models. In this article the author presents briefly the two types of models and the differences between them, discussing then a simple empirical test of the collective vs. common utility model. As an example, it has derived the test for a particular functional form of the cost function, namely the quadratic cost function.
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Volume (Year): (2001)
Issue (Month): 3 (December)
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