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We study the marriage problem where a probability distribution over matchings is chosen. The “core” has been central to …
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The present paper aims to quantify the growth and welfare consequences of changing family structures in western societies. For this reason we develop a dynamic general equilibrium model with both genders which takes into account changes of the marital status as a stochastic process. Individuals...
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We develop a novel framework to analyze the structural implications of the marriage market for household consumption … patterns. We start by defining a revealed preference characterization of efficient household consumption when the marriage is … stable. In particular, stability means that the marriage matching is individually rational and has no blocking pairs. We show …
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