Universal Decentralisation: A Demand System For Collective And Unitary Models With Household Public Goods  

Oleh:

Chiuri, M. C. ; Simmons, P. J.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 107 no. 441 (Mar. 1997), page 372-389.
Fulltext: 372.pdf (364.38KB)

Isi artikel

The paper defines demand systems that exhibit universal decentralisation ; we argue that this concept is important in household consumption and labour supply models. We show that the concept nests many approaches to the analysis of individual and family behaviour. We find conditions for demand with universal decentralisation to be the result of an individual utility maximisation process and also for such demands to be the result of a household welfare maximisation procedure. We explore the link between universal decentralisation and quasi separability. There are connections between universal decentralisation and a nonlinear idea of the rank of a demand system.

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