Arbeitspapier
Is Marriage as Good as a Contract?
Neither marriage nor a legally enforceable contract serves any useful purpose if the parties have access to a perfect credit market. In the presence of credit rationing, efficiency and utility equalization are guaranteed only by a legally enforceable contract. Separate-property marriage may reduce and community-property marriage actually eliminate inefficiency, but neither of them guarantees utility equalization.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 4555
- Klassifikation
-
Wirtschaft
Bargaining Theory; Matching Theory
Marriage; Marital Dissolution; Family Structure; Domestic Abuse
Family and Personal Law
- Thema
-
contracts
hold-up problem
separate-property marriage
community-property marriage
divorce legislation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Cigno, Alessandro
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Cigno, Alessandro
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2013
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