Non-cooperative versus cooperative family

Atsue Mizushima () and Koichi Futagami

Journal of Economics, 2015, vol. 114, issue 1, 43-62

Abstract: This paper focuses on strategic interaction within a family and examines individual decision making. We set up a two-stage game model. In the first stage of the game, a man and a woman who have not yet met simultaneously determine their education levels non-cooperatively. In the second stage, they marry and determine their leisure time. In the second stage, we compare two decision modes, non-cooperative and cooperative, in order to characterize the nature of cooperation within the families. In addition, we extend the basic model on the basis of a Stackelberg game. In this setting, we consider the case in which a man acts as a leader and a woman acts as a follower. We show that the leader invests in higher education and chooses more leisure time than the follower. This coincides with the empirical findings. Copyright Springer-Verlag Wien 2015

Keywords: Household public goods; Cooperative game; Non-cooperative game; Stackelberg game; Time allocation; Strategic complementarity; D13; J24 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:kap:jeczfn:v:114:y:2015:i:1:p:43-62

DOI: 10.1007/s00712-014-0391-7

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