Original scientific paper
https://doi.org/10.32728/ric.2016.22/1
Application of Cournot's model on a couple's budget allocation
Katarina Kostelić
; Juraj Dobrila University of Pula,Faculty of economics and tourism
Abstract
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.
Keywords
applied game theory; couple decision-making; family finance management
Hrčak ID:
162331
URI
Publication date:
20.7.2016.
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