Jeong, Byeongju - In: Review of Economic Dynamics 6 (2003) 3, pp. 685-696
Mobility restrictions (e.g., severance payment, life-long tenure, and divorce ban) are widely observed. I present a partnership model that highlights the 'break-up externality' (i.e., the negative effect of a person's break-up decision on his current partner). Under this externality, there is...