; theory of the household ; marital bargaining …

This paper develops a model that combines intra-household bargaining with competition on the marriage market to analyse … income. They have the option of unilateral divorce and subsequent remarriage. Through this channel, the marriage market … marriage market into a significantly larger share of household income. Hence, men's incentive to invest in education decreases …

This paper explores the role of marriage when markets are incomplete so that individuals cannot diversify their … love. Is love more important to a lasting marriage than economic compatibility? To answer this question, I develop a simple … model where rational individuals meet, enjoy the economic and non-pecuniary benefits of marriage (i.e. love), and then must …

risk sharing is one benefit to marriage it is also limited by divorce risk. With search in the marriage market there may be … multiple equilibria diering not only in divorce rates but also in the role of marriage in providing informal insurance …

The institution of consanguineous marriage-a marriage contracted between close biological relatives-has been a basic … and a groom. When marriage contracts are incomplete, dowries transfer control rights to the party with the highest … incentives to invest in a marriage. When these transactions are costly however, consanguinity can be a more appropriate response …