Farmer, Amy; Horowitz, Andrew W. - In: Journal of Population Economics 17 (2004) 4, pp. 627-644
Engagement is a costly social institution for which virtually no economic analysis exists. We explore the information … gathering function of engagement in a game with a proposer who offers a long or short engagement, and a respondent, who may … reject the proposal at various stages. Whether the proposer is a suitable match is uncertain, but a long engagement yields …