Uncommitted Couples: Some Efficiency and Policy Implications of Marital Bargaining

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Uncommitted Couples: Some Efficiency and Policy Implications of Marital Bargaining

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dc.contributor.author Aura, Saku, 1971-
dc.date.accessioned 2009-09-29T13:33:05Z
dc.date.available 2009-09-29T13:33:05Z
dc.date.issued 2002
dc.identifier.citation Department of Economics, 2002 en
dc.identifier.uri http://hdl.handle.net/10355/2724
dc.description.abstract This paper studies married couple's dynamic investment and consumption choices under the assumption that the couple cannot commit across time to not to renegotiate their decisions. The inefficiencies that can arise are characterized. Efficiency properties of different divorce asset division regimes are examined. A stylized common law regime is shown to lead to a fully efficiency in a simple model while it is shown that under community property regime the couple is unlikely to attain full efficiency. The effect of inability to commit across time on the savings level is examined under a tractable special case of the model. en
dc.language.iso en_US en
dc.publisher Department of Economics en
dc.relation.ispartof Economics publications en
dc.relation.ispartofseries Working papers (Department of Economics);WP 02-17
dc.source.uri http://economics.missouri.edu/working-papers/2002/WP0217_aura.pdf en
dc.subject marriage en
dc.subject relationship dynamics en
dc.subject commitment en
dc.subject divorce en
dc.subject.lcsh Marriage en
dc.subject.lcsh Relationship quality en
dc.subject.lcsh Commitment (Psychology) en
dc.subject.lcsh Divorce en
dc.title Uncommitted Couples: Some Efficiency and Policy Implications of Marital Bargaining en
dc.type Working Paper en
dc.relation.ispartofcommunity University of Missouri-Columbia. College of Arts and Sciences. Department of Economics


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