@article{87e02dbef6314a29a6c48e59e166b5df,
title = "Group consumption with caring individuals",
abstract = "We propose a novel approach to model joint consumption decisions of individuals who care for each other. The model encompasses a continuum of group consumption models situated between the fully co-operative model and the non-cooperative model without caring. We also define a measure for the degree of intragroup cooperation that quantifies how close the observed group behaviour is to fully co-operative behaviour. Following a revealed preference approach, we derive testable implications of the model for empirical data. We use our model to analyse decisions made by children in an experimental setting.",
keywords = "consumer economics, empirical analysis, personal finance",
author = "Laurens Cherchye and Sam Cosaert and Thomas Demuynck and {De Rock}, Bram",
year = "2020",
month = apr,
day = "1",
doi = "https://doi.org/10.1093/ej/uez052",
language = "English",
volume = "130",
pages = "587–622",
journal = "Economic Journal",
issn = "0013-0133",
publisher = "Wiley-Blackwell",
number = "627",
}