Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/301193 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
Economics Working Paper Series No. 24/394
Verlag: 
ETH Zurich, CER-ETH - Center of Economic Research, Zurich
Zusammenfassung: 
We investigate the existence of a principal-agent problem between parents and financially dependent adult children within households on the purchase of a durable (such as a vehicle). We theoretically argue that children will select more expensive durables if parents contribute more towards its purchase, however this effect is weaker for altruistic children. We test this empirically using unique data collected on motorcycle purchases of university students in Kathmandu Valley, Nepal. We confirm the first hypothesis, however we show that altruism does not influence this relationship. Policy implications relate to the effects on household finances, and on possible environmental impacts.
Schlagwörter: 
Principal-agent problems
Intra-household decision-making
Durable adoption
Motorcycle
Nepal
JEL: 
D1
D8
Q4
Q5
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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