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- Title
A MICROECONOMIC MODEL OF HOUSEHOLD CHOICE: THE HOUSEHOLD AS A DISPUTANT.
- Authors
Gollop, Frank M.; Marquardt, Jeffrey
- Abstract
This paper applies the methodology of economics to the analysis of resource allocation by households with actual or potential disputes. A model of household production of "legal welfare" is constructed. Household time and money investment decisions over time are analyzed within the household production framework. Finally, a simplified set of functions for measuring household demand for dispute resolution goods and services is presented and discussed.
- Subjects
ECONOMICS methodology; RESOURCE allocation; HOUSEHOLDS; ORGANIZATION; LEGAL procedure
- Publication
Law & Society Review, 1981, Vol 15, Issue 3/4, p611
- ISSN
0023-9216
- Publication type
Article
- DOI
10.2307/3053504