Is marriage as good as a contract?

Alessandro Cigno

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.

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Year of publication:	2013
Authors:	Cigno, Alessandro
Publisher:	München : CESifo
Subject:	contracts \| hold-up problem \| separate-property marriage \| community-property marriage \| divorce legislation \| Ehe \| Marriage \| Familienökonomik \| Family economics \| Vertrag \| Contract \| Scheidung \| Divorce \| Vertragstheorie \| Contract theory \| Familienrecht \| Family law \| Unvollständiger Vertrag \| Incomplete contract \| Verhandlungstheorie \| Bargaining theory \| Familie \| Family

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Extent:	Online-Ressource (14 S.)
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. 4555
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/89646 [Handle]
Classification:	C78 - Bargaining Theory; Matching Theory ; J12 - Marriage; Marital Dissolution; Family Structure ; K36 - Family and Personal Law
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010227229