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Time consistent matrimony with endogenous trust
Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Economics.
1997 (English)Report (Other academic)
Abstract [en]

A simple model of marriage and divorce predicts that no marriages occur. Yet, in real life, people marry all the time in seemingly similar situations. This discordance is explained using psychological game theory. An emotional guilt effect is explicitly modeled and multiple belief-dependent equilibria become possible: some marriages don’t happen, some are formed but end in divorce, some last a lifetime. For certain parameterizations a lifelong efficient marriage is guaranteed; one spouse’s approval to marry signals a trust so strong as to force the other spouse to hold beliefs which make divorce exceedingly emotionally unattractive. These results may have some bearing also on other partnerships than marriage.

Place, publisher, year, edition, pages
Uppsala: Nationalekonomiska institutionen , 1997. , p. 19
Series
Working paper, ISSN 0284-2904
Keywords [en]
Economics
Keywords [sv]
Nationalekonomi
National Category
Economics
Identifiers
URN: urn:nbn:se:uu:diva-2377ISBN: 99-2396948-7 (print)OAI: oai:DiVA.org:uu-2377DiVA, id: diva2:128638
Available from: 1997-01-01 Created: 1997-01-01

Open Access in DiVA

fulltext(65 kB)353 downloads
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09ecb80938d22d4049f451fe4bcb9ccdcb431088803a9de922ab35f37121b5e88ab98ba2
Type fulltextMimetype application/pdf

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CiteExportLink to record
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Cite
Citation style
  • apa
  • ieee
  • modern-language-association
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf