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Recently, Batabyal (1998) has analyzed the nature of the decision making process in arranged marriages. Specifically, he has shown that a marrying agent's optimal policy depends only on the properties of the current marriage proposal, independent of whether there is recall of earlier marriage...
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Although arranged and love marriages have been around for a long time, to the best of our knowledge, there are no comparative analyses in the economics literature of the relative merits of one or the other kind of marriage. As such, the purpose of this note is to conduct a theoretical inquiry...
Persistent link: https://www.econbiz.de/10014116405
Even though arranged and love marriages have been around for a long time, to the best of our knowledge, there are no comparative analyses in the economics literature of the relative merits of one or the other kind of marriage. Consequently, the purpose of this note is to conduct a theoretical...
Persistent link: https://www.econbiz.de/10014102259
Recently, Batabyal (1999) has shown that when the decision to get married in an arranged marriage is analyzed in an intertemporal and stochastic setting, it is possible that a marrying agent will never get married. This result arises because the marrying agent in Batabyal (1999) maximizes the...
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