Year: 1996
Type: article
Abstract: We relax the prevalent assumption in the literature on intergenerational transfers that an altruistic parent can perfectly observe her child's activities and market opportunities. We find that when private information and market risks are present, precommitment by the parent to a transfer dominates having the ‘last word’.
Source: Economics Letters
Author: Ralph Chami
Institution: University of Notre Dame
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
Estimated APC paid: $3,030
OpenAlex ID: W1986019658