Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5071970 | Games and Economic Behavior | 2012 | 20 Pages |
Abstract
⺠Private and (within-family) public goods: consumption, education and fun. ⺠Decision schemes: non-cooperative (decentralized, hierarchical), cooperative (Nash). ⺠Outcome usually cooperative, always pareto-efficient, never hierarchical. ⺠Education can be maximal under hierarchy. ⺠Regulation of schooling and child labor also affects outcomes via the threat point.
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Authors
Clive Bell, Hans Gersbach, Maik T. Schneider,