Mechanism design and the collective approach to household behavior

Carlos Eugênio da Costa (carlos.eugenio@fgv.br) and Lucas Alves Estevam de Lima

No 808, FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) from EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil)

Abstract: Do the Revelation and Taxation Principles hold for multi-person householDo the Revelation and Taxation Principles hold for multi-person households? We provide a positive answer to the former and a negative to the latter if the household decision process is such that no mechanism can lead to inefficient choices. This unconditional version of Chiappori’s (1988) collective approach, offers a household model which can be used in a standard mechanism design approach.ds? We provide a positive answer to the former and a negative to the latter if the household decision process is such that no mechanism can lead to inefficient choices. This unconditional version of Chiappori’s (1988) collective approach, offers a household model which can be used in a standard mechanism design approach.

Date: 2019-08-06
New Economics Papers: this item is included in nep-des
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Citations: View citations in EconPapers (1)

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