O Brother, Where Art Thou? We Need Your Help

Steven Stern ()

Department of Economics Working Papers from Stony Brook University, Department of Economics

Abstract: I generalize a model of children strategizing where to live by Konrad et al. (2002) (KKLR) to include more variation in family size and to allow for uncertainty in how each family member behaves. The inclusion of uncertainty has large e¤ects on the predictions of a KKLR-type model. I find that the KKLR model does not explain American data well, but an alternative model with the same reduced form does explain the data. Finally, the estimated amount of uncertainty has larger welfare implications than imperfections associated with the sequential structure of the KKLR game.

Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sunysb.edu/economics/research/papers/2014/OBrother_1408.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nys:sunysb:14-08

Access Statistics for this paper

More papers in Department of Economics Working Papers from Stony Brook University, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by ().