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A Survey of Theories of the Family

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Author Info
Ted Bergstrom () (University of Michigan)

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Abstract

The first section of this review explores the theory of household technology and the associated possibilities for distributiing utility among household members. The second section concerns decision theory within the household. This discussion draws on standard consumer decision theory. The third section of this paper deals with an 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 which individuals live in each place. An aspect of family life that has fewer parallels in the economics of market economies is intrafamilial love and altruism. The final section of this paper reviews a growing theoretical literature on love, altruism and the family.

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File URL: http://www.econ.ucsb.edu/~tedb/Family/psfiles/famrev.ps
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Paper provided by University of Michigan, Department of Economics in its series Papers with number _027.

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Date of creation: Jun 1995
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Handle: RePEc:wop:michec:_027

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  1. Ted Bergstrom, 1971. "Interrelated Consumer Preference and Voluntary Exchange," University of California at Santa Barbara, Economics Working Paper Series 1971B, Department of Economics, UC Santa Barbara. [Downloadable!]
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This page was last updated on 2008-10-31.

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