In response to the losses of market income many people faced in response to COVID-19, both the Canadian federal government and the BC provincial government initiated programs that would provide individuals with immediately with money. Consider a family with two adults and 2 children – one in elementary school and the other in daycare.
What do you think would happen to the sharing of goods between the two adults if the household head model described this family? If the appropriate model was the cooperative bargaining model?
Note: this is a very general question, so I expect answers will vary widely across students. I want you to think about the properties of the two models, and apply them to the current situation. You can keep the general description of the family above, or you can consider a specific example: both adults work part-time in the market and part-time at home; one adult specializes in market work and one in home production, or an example of any other common family arrangement.