Objective
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. Typically, the existing methodology uses the differential approach to derive their characterizations. While this approach has many well-known advantages, it is not optimal for my main objective. Therefore I focus on a revealed preference methodology (RP), which avoids all functional specifications. I will derive RP characterizations for all models of household consumption behaviour. A second main objective is to demonstrate the empirical usefulness of my RP toolkit. Therefore I have to (i) develop richer models that integrate inter-temporal issues, separability assumptions,etc. and (ii) deal with empirical issues such as statistical power, measurement error, heterogeneity,etc. Many of these issues have been integrated in the RP characterizations of the unitary model. Extending these insights to the non-unitary context forms a second type of methodological challenges. In my applications on experimental as well as real-life data, I will (i) demonstrate the versatility of my RP toolkit; (ii) address specific questions in a stylized environment, as such I will, inter alia, contribute to the scarce empirical literature on bargaining models; (iii) illustrate that to tackle welfare related questions, the RP methodology can be complementary to the parametric approach by guiding the researcher in selecting the appropriate non-unitary models and/or functional specifications.
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
ERC-2010-StG_20091209
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Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Host institution
1050 Bruxelles / Brussel
Belgium
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.