CORDIS Project
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This project aims to create a toolkit for comparing models of consumption behavior in multi-person households, focusing on individual preferences and decision-making processes. It emphasizes a revealed preference methodology to enhance empirical analysis of household consumption.
There is a huge variety in models for consumption behaviour of multi-person households that take into account the individual preferences of household members and the resulting household decision process.
The difference stems from the modelling of the household decision process, which can go from non-cooperative behaviour up to explicit bargaining models.
The main objective of this project is to create a toolbox for a robust comparison of the empirical performances of the various models.
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UNIVERSITE LIBRE DE BRUXELLES
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