rights. Because of the presence of transaction costs in marriage, altruistic parents cannot contract upon the investments … they make into their children, but can reduce the resulting inefficiencies by determining ex ante the parent who would be …

Neither marriage nor a legally enforceable contract serves any useful purpose if the parties have access to a perfect … enforceable contract. Separate-property marriage may reduce and community-property marriage actually eliminate inefficiency, but …

, how many children to have and subsequently whether to stay together or separate. We make precise the idea that cooperation … in a household can be supported by self interest. Since the costs of raising children are unequally distributed between … partners and children are a household public good, there is a conflict between individually optimal and efficient, i.e. surplus …

, how many children to have and subsequently whether to stay together or separate. We make precise the idea that cooperation … in a household can be supported by self interest. Since the costs of raising children are unequally distributed among … effects of policy variables such as rights of access to children post-separation and wealth division/alimony rules, as well as …

, how many children to have and subsequently whether to stay together or separate. We make precise the idea that cooperation … in a household can be supported by self interest. Since the costs of raising children are unequally distributed among … effects of policy variables such as rights of access to children post-separation and wealth division/alimony rules, as well as …

Children can be considered as a marriage-specific investment that increases the value of the marriage, making a divorce … children conceived during first marriage. Our results indicate that the presence of children significantly reduces the … conclude that children conceived before first marriage increase the risk of marital disruption. Finally, the higher the parents …