Household and Economy

Preface1. Introduction 1. Social Welfare Criteria 2. Optimal Population Growth with Exogeneous Fertility 3. Endogenous Fertility: "The New Home Economics" 4. Where We Are Going Notes References2. Review of Weltare Economics 1. Feasibility and Efficiency 2. Competitive Equilibria 3. The Relationship Between Pareto Efficiency and Competitive Equilibria 4. Marginal Conditions for Pareto Efficiency and Competitive Equilibria 5. The Social Welfare Function 6. Second-Best Redistributive Policies Notes References3. Economies of Externalities 1. Introduction 2. Pigouvian Corrective Pricing for Externalities in Consumption 3. Public Goods Notes References4. The Traditional Theory of Household Behavior 1. Utility Maximization, the Marshallian Demand Function and the Indirect Utility Function 2. Some Properties of the Indirect Utility Function 3. Hicks-Compensated Demand Functions and the Expenditure Function 4. Some Properties of the Expenditure Function 5. The Relationship Between the Hicks-Compensated and the Marshallian Demand Functions Appendix: The Envelope Theorem Notes References5. Household Behavior with Endogenous Fertility 1. A Generalized Model of Consumer Choice 2. The Effect of Income on Fertility 3. Conclusion Notes References6. Socially Optimal Population Size 1. Criteria for Social Optima with Variable Population 2. Individual Choice and Social Optima 3. Optimal Population Policies 4. An Infinite Horizon Model 5. Conclusion Notes References7. Potential Market Failures 1. Public Goods and Malthusian Fixed Land 2. Efficiency with Infinite Overlapping Generations Appendix Notes References8. Real Market Failures 1. Bequest as a Public Good within Marriage 2. Investment in Human and Physical Capital and Transfers Among Siblings Appendix Notes References9. Children as a Capital Good 1. A Simple Model of the Old Age Security Hypothesis 2. The Old Age Security Hypothesis Reconsidered: A Microeconomic Analysis 3. The Old Age Security Hypothesis Reconsidered: A General Equilibrium Example References10. Intragenerational Income Distribution Policies 1. Fixed Labor Supply 2. A Model with Variable Labor Supply Notes ReferencesEpilogue 1. Tax and Transfer Policies 2. Public Goods and Dynasty Taxes 3. Intragenerational Income Distribution with Household Production and Endogenous Fertility 4. Heterogeneous Family Preferences 5. Uncertainty with Respect to Child QualityAuthor IndexSubject Index