Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/26367
Full metadata record
DC FieldValueLanguage
dc.contributor.authorApps, Patriciaen_US
dc.contributor.authorRees, Rayen_US
dc.date.accessioned2008-06-06en_US
dc.date.accessioned2009-07-28T08:31:01Z-
dc.date.available2009-07-28T08:31:01Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/26367-
dc.description.abstractIn a careful and thorough empirical study, Christopher Udry (1996) shows convincingly that, in a large sample of West African households, household resource allocations were not Pareto efficient. This paper argues that observation of the Pareto inefficiency of a household resource allocation does not however refute the hypothesis that it chooses this resource allocation as if it maximises some form of household welfare function possessing the Pareto property. To refute that hypothesis it is necessary to show that the observed allocation does not represent a second best optimum. For this it will be necessary to show that the estimated parameters of the model lie in a region of the parameter space for which the second best optimality of the allocation does not hold.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working paper|x2322en_US
dc.subject.jelD12en_US
dc.subject.jelD13en_US
dc.subject.jelD70en_US
dc.subject.jelJ16en_US
dc.subject.jelJ22en_US
dc.subject.jelO12en_US
dc.subject.jelQ12en_US
dc.subject.ddc330en_US
dc.subject.keywordempirical testen_US
dc.subject.keywordPareto efficiencyen_US
dc.subject.keywordhousehold welfareen_US
dc.subject.stwHaushaltsökonomiken_US
dc.subject.stwPareto-Optimumen_US
dc.subject.stwTheorieen_US
dc.titleTesting the Pareto efficiency of household resource allocationsen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn568609794en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

Files in This Item:
File
Size
158.08 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.