This paper challenges the view that legal rights are not important in affecting whether people divorce but it puts as much emphasis on property rights (given, for example, by the law on alimony) as on dissolution rights. The paper sets out two stylized models of marriage and examines the...

This paper analyzes the effect of inventory accumulation on the outcome of wage and employment agreements between a union and a firm. A two-period model is set up, with bargaining in each period, and the paper analyzes under what circumstances inventories will be held even if demand and...