The micro economics of group behavior: General characterization.
We study the demand function of a group of S members facing a global budget constraint. Any vector belonging to the budget set can be consumed within the group, with no restriction on the form of individual preferences, the nature of individual consumptions or the form of the decision process beyond...
| Publicado en: | Journal of Economic Theory Vol. 130; no. 1; pp. 1 - 27 |
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| Autores principales: | , |
| Formato: | Artículo |
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Academic Press Inc.
September 2006
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=511314105&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 511314105 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00220531 RTH jtl: Journal of Economic Theory issn: 00220531 maglogo: N pubinfo: dt: September 2006 vid: 130 iid: 1 pid: 735 pub: Academic Press Inc. artinfo: ui: 511314105 10.1016/j.jet.2005.01.007 ppf: 1 ppct: 26 formats: tig: atl: The micro economics of group behavior: General characterization. aug: au: Chiappori, P. A. Ekeland, I. su: Economic demand Mathematical models Social groups sug: subj: Economic demand Mathematical models Social groups ab: We study the demand function of a group of S members facing a global budget constraint. Any vector belonging to the budget set can be consumed within the group, with no restriction on the form of individual preferences, the nature of individual consumptions or the form of the decision process beyond efficiency. Moreover, only the group aggregate behavior, summarized by its demand function, is observable. We provide necessary and (locally) sufficient restrictions that fully characterize the group's demand function, with and without distribution factors. We show that the private or public nature of consumption within the group is not testable from aggregate data on group behavior. Copyright (c) 2006 Elsevier Inc. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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