John A. Viator wrote:
>This would clearly affect the decision to have children in one of two ways 
>(that I can think of):
>1.  Couples would have fewer children if they had to purchase a share for 
>each child they had.
>2.  Couples would have more children if they were granted a share for each 
>child they had.

Yup.  And which policy would profit maximizing managers choose?

Robin Hanson  [EMAIL PROTECTED]  http://hanson.gmu.edu
Asst. Prof. Economics, George Mason University
MSN 1D3, Carow Hall, Fairfax VA 22030-4444
703-993-2326  FAX: 703-993-2323

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