Intra-household bargaining

Intra-household bargaining refers to negotiations that occur between members of a household in order to arrive at decisions regarding the household unit, like whether to spend or save or whether to study or work.

Bargaining is traditionally defined in economic terms as the negotiating conditions of a purchase or contract and is sometimes used in place of direct monetary exchange. In its simplest definition, ‘bargaining’ is a socio-economic phenomenon involving two parties, who can cooperate towards the creation of a commonly desirable surplus, over whose distribution the parties are in conflict.[1] Bargaining process within a family is one of the important aspects of family economics. Bargaining also plays a role in the functioning and decision making of households, where agreements and decisions do not often have direct monetary values and affect various members of the household.[2][3][4][5]

  1. ^ Durlauf, Steven N.; Blume, Lawrence E. (2010). Game theory (1. publ ed.). Basingstoke, Hampshire: Palgrave Macmillan. ISBN 978-0-230-23890-9.
  2. ^ Hertzberg, Andrew. "Kitchen Conversations: How Households Make Economic Choices". www.philadelphiafed.org.
  3. ^ Doss, Cheryl (February 2013). "Intrahousehold Bargaining and Resource Allocation in Developing Countries". World Bank Research Observer. 28: 52–78. doi:10.1093/wbro/lkt001. hdl:10986/19492. ISSN 1564-6971.
  4. ^ Agarwal, Bina (January 1997). "Bargaining and Gender Relations: Within and Beyond the Household". Feminist Economics. 3 (1): 1–51. doi:10.1080/135457097338799.
  5. ^ Manser, Marilyn; Brown, Murray (1980). "Marriage and Household Decision-Making: A Bargaining Analysis". International Economic Review. 21 (1): 31–44. doi:10.2307/2526238. JSTOR 2526238.