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Contribution to Book
A Survey of Theories of the Family
Handbook of Population and Family Economics (1995)
  • Ted Bergstrom, University of California, Santa Barbara
Abstract

This review explores the theory of household technology and the associated possibilities for distributing utility among household members. It also explores decision theory within the household, drawing on standard consumer decision theory. The review discusses models of equilbrium in which families are formed by persons voluntarily choosing mates. This theory is analogous to ``Tiebout theory'' in urban economics, where the objects of choice include not only the amount of public goods supplied in each city, but also which individuals live in each place. An aspect of family life that has fewer parallels in the economics of market economies is intrafamilial affection. The final section of this paper reviews a growing theoretical literature on love, altruism and the family.

Keywords
  • economics of the family,
  • bargaining,
  • household economics,
  • matching,
  • marriage
Disciplines
Publication Date
June 1, 1995
Editor
Mark Rosenzweig and Oded Stark
Publisher
Elsevier
Series
Citation Information
Ted Bergstrom. "A Survey of Theories of the Family" Handbook of Population and Family Economics Vol. 1 (1995)
Available at: http://works.bepress.com/ted_bergstrom/68/