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Human mate choice is a boundedly rational process where individuals search for their mates without appealing to optimization techniques due to informational, computational and time constraints. A seminal work by Todd and Miller (1999) models this search process using simple heuristics, i.e....
Persistent link: https://www.econbiz.de/10010736804
We study the problem of marriage formation and marital distribution in a two-period model of matching, extending the matching with bargaining framework of Crawford and Rochford (1986). We run simulations to find the effects of alimony rate and legal cost of divorce parameters on the payoffs and...
Persistent link: https://www.econbiz.de/10005292615