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history, an economy may be trapped in a locally stable high-corruption, high-slavery equilibrium and major changes in … effective in reducing slavery in the export industry tend to raise slavery in the remainder of the economy. It is possible that … this leakage effect dominates the reduction of slavery in the export sector. …
Persistent link: https://www.econbiz.de/10012115264
Standard economic theories of household formation predict the rise of institutionalized polygyny in response to increased resource inequality among men. We propose a theory, within the framework of a matching model of marriage, in which, in some cases, institutionalized monogamy prevails, even...
Persistent link: https://www.econbiz.de/10003762687
This paper applies the theory of relational contracts to make precise the idea that because households are engaged in a repeated non-cooperative game, Pareto efficient outcomes can be supported by self interest, given the specific pattern of specialisation and exchange which exists in the...
Persistent link: https://www.econbiz.de/10003847154
Do people conform to social norms at least partly to signal their social preferences? Using a vignette experiment, we find that parents who do not marry off their under-age daughters in Malawian villages where child marriage is prevalent are perceived as less altruistic, reciprocal, and...
Persistent link: https://www.econbiz.de/10012240066
In Malawi, only 5% of parents state that the right age for a woman to marry is below 18, but 42% of girls get married before they reach that legal age. We document that social image concerns are likely an important mechanism behind that wedge: where the prevalence of child marriage is high,...
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Information asymmetry is a necessary prerequisite for testing adverse selection. This paper applies this sequence of tests to Mauritian slave auctions. Dynamic auction theory with private value highlights more aggressive bidding by uninformed bidders and higher prices when an informed...
Persistent link: https://www.econbiz.de/10003966182
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