Demand properties in household Nash equilibrium

Valérie Lechene () and Ian Preston

No W07/01, IFS Working Papers from Institute for Fiscal Studies

Abstract:

Please Note: This paper was updated in July 2007

We study noncooperative household models with two agents and several voluntarily contributed public goods, deriving the counterpart to the Slutsky matrix and demonstrating the nature of the deviation of its properties from those of a true Slutsky matrix in the unitary model. We demonstrate the importance of distinguishing between cases in which there are and are not jointly contributed public goods and provide results characterising both cases. Demand properties are contrasted with those for collective models and conclusions drawn regarding the possibility of empirically testing the collective model against noncooperative alternatives.

Keywords: Nash equilibrium; Intra-household allocation; Slutsky symmetry (search for similar items in EconPapers)
JEL-codes: C72 D11 (search for similar items in EconPapers)
Pages: 33 pp.
Date: 2007-01-03
New Economics Papers: this item is included in nep-gth
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Citations: View citations in EconPapers (2)

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