چانه زنی خانگی و قرضه های کوچک

This paper examines a household bargaining problem where one household member can use external finance to invest in an uncertain business project. Faced with limited income generating opportunities, we show that the household member will consistently choose safe investment projects. We also explain why other members of the household can be made worse off from investment, even when aggregate household consumption is expected to rise. In a dynamic version of the bargaining problem, we study incentives for the household to contribute towards loan repayments and identify conditions under which the borrower will transfer control over her loan to her partner.