We employ a stochastic dynamic programming approach to study decision making by an individual wishing to have an arranged marriage. First, we show that this individual never opts out of a voluntarily agreed upon marriage. Second, we demonstrate that our marrying individual uses a reservation...

We employ a stochastic dynamic programming approach to study decision making by an individual wishing to have an arranged marriage. First, we show that this individual never opts out of a voluntarily agreed upon marriage. Second, we demonstrate that our marrying individual uses a reservation...

Recently, Batabyal (2005) has analyzed a game model of dowry determination in which a mediator plays a key role. Batabyal's analysis shows that the equilibrium dowry offers from the bride and the groom optimally trade off the desire to make an assertive offer with the likelihood that this offer...

Even though arranged marriages have been around for quite a while, the economics literature has paid little attention to the nature of decision making in such marriages. Therefore, very little is known about the impacts of alternate decision rules on the spouse selection question in arranged...

Even though arranged marriages have been around for quite a while, the economics literature has paid scant attention to the nature of decision making in such marriages. Consequently, very little is known about the effects of alternate decision rules on the spouse selection question in arranged...

Although arranged and love marriages have been around for a long time, to the best of our knowledge, there are no comparative analyses in the economics literature of the relative merits of one or the other kind of marriage. As such, the purpose of this note is to conduct a theoretical inquiry...

Even though arranged and love marriages have been around for a long time, to the best of our knowledge, there are no comparative analyses in the economics literature of the relative merits of one or the other kind of marriage. Consequently, the purpose of this note is to conduct a theoretical...