Relational Contracts, Taxation and the Household
نویسندگان
چکیده
منابع مشابه
Relational Contracts, Taxation and the Household
Relational Contracts, Taxation and the Household This paper applies the theory of relational contracts to make precise the idea that because households are engaged in a repeated non-cooperative game, Pareto efficient outcomes can be supported by self interest, given the specific pattern of specialisation and exchange which exists in the household. The household’s choice of a particular solution...
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Previous analyses of demand systems and the welfare effects of taxing male and female labour supplies suppress the analysis of household resource allocation by assuming a household utility function. This paper shows that this is only permissible if the household allocates income exactly in accordance with the distributional parameters of the usual kind of individualistic social welfare function...
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ژورنال
عنوان ژورنال: CESifo Economic Studies
سال: 2011
ISSN: 1610-241X,1612-7501
DOI: 10.1093/cesifo/ifr013