Application of Cournot's model on a couple's budget allocation (CROSBI ID 230661)
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Kostelić, Katarina
engleski
Application of Cournot's model on a couple's budget allocation
Budget allocation of the couples belongs to the field of family finance management, but also represents a source of dispute among them, which directed the research of this topic towards family therapy and psychology. This paper will offer quantitative approach, implementing Cournot’s duopoly model to a situation of a couple’s budget allocation. That will emphasis the underlying economic principles, as well as show that there exists an equilibrium solution or an equilibrium set of possible solutions.
applied game theory ; couple decision-making ; family finance management
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