Strategic play among family members when making long-term care decisions
Article Abstract:
A strategic model was presented which illustrate the type of care given by a family to an elderly parent. The model, which utilizes data from the National Long-term Care Survey, shows that mothers are more likely to be taken care of by their children than fathers. It also reveals that compared to daughters, sons are less likely to take care of their parents. The distance between parent and the child exerts a negative effect on family members' valuation of care that is provided by a child.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1999
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Do numerical simulation and optimization results improve management? Experimental evidence
Article Abstract:
The core tool of economic analysis is represented by models of different forms. The simulation model helps the subject to avoid destabilizing overreactions whereas the optimization model helps the subject to set targets much more efficiently.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2003
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