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Uncommitted couples : some efficiency and policy implications of marital bargaining

Aura, Saku - 2002

This paper studies a married couple s dynamic investment and consumption choices under the assumption that the couple cannot commit across time not to renegotiate their decisions. The inefficiencies that can arise are characterized. Efficiency properties of different divorce asset-division...

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Uncommitted couples : some efficiency and policy implications of marital bargaining

Aura, Saku - 2002

This paper studies a married couple's dynamic investment and consumption choices under the assumption that the couple cannot commit across time not to renegotiate their decisions. The inefficiencies that can arise are characterized. Efficiency properties of different divorce asset-division...