Intergenerational transfers in rural households: A game theoretical approach
The household membership decision is viewed as a “research project” where the offspring invests in human and non human capital to influence the probability of finding an alternative to the parental household. The problem is formulated as a differential game between a selfish offspring and altruistic...
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| Format: | workingPaper |
| Language: | eng |
| Published: |
2018
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| Online Access: | http://hdl.handle.net/10400.14/25307 |
| Country: | Portugal |
| Oai: | oai:repositorio.ucp.pt:10400.14/25307 |
| Summary: | The household membership decision is viewed as a “research project” where the offspring invests in human and non human capital to influence the probability of finding an alternative to the parental household. The problem is formulated as a differential game between a selfish offspring and altruistic parents. The solution is consistent with facts” such as the “flexibility of inheritance systems” and the “generational fragmentation” of the family property when the economic opportunities expand outside the parental household. |
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