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Parents in several cultures `discipline' their daughters to inculcate the supposedly feminine virtues and improve their prospects in the marriage market. This process invariably involves imposing restrictions on their behavior, movement, and social relations. We formalize the idea that...
Persistent link: https://www.econbiz.de/10010580331
This article characterizes the conditions under which holdout (i.e. bargaining inefficiency) may, or may not be significant in a two-sided, one-buyer-many-seller model with complementarity. Our central result is that the severity of holdout (i.e. inefficiency) is critically dependent on three...
Persistent link: https://www.econbiz.de/10008680483