Collective consumption and welfare
Olivier Donni
Canadian Journal of Economics/Revue canadienne d'économique, 2006, vol. 39, issue 1, 124-144
Abstract:
Abstract. In this paper, we present a collective model of household demand based on Pareto‐efficiency. In addition, we suppose that (a) each household member is egoistic and consumption is purely private, (b) there is a set of distribution factors and (c) there is one exclusive good. Then we derive the testable restrictions that are implied by this theoretical setting and show how welfare comparisons at the individual level can be performed. JEL classification: D11 Consommation collective et bien‐être. Dans cet article, nous présentons un modèle collectif de demande du ménage fondé sur l’efficacité au sens de Pareto. En plus, nous adoptons les postulats suivants: (a) chaque membre du ménage est égoiste et la consommation est purement privée, (b) il existe un ensemble de facteurs de distribution, et (c) il existe un bien exclusif. Ensuite, nous dérivons les restrictions théoriques que les demandes du ménage doivent satisfaire et nous montrons comment des comparaisons de bien‐être au niveau individuel peuvent être effectuées.
Date: 2006
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https://doi.org/10.1111/j.0008-4085.2006.00341.x
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Journal Article: Collective consumption and welfare (2006) 
Working Paper: Collective Consumption and Welfare (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:canjec:v:39:y:2006:i:1:p:124-144
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