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- W2272129304 abstract "We use data on people's valuations of options outside marriage and beliefs about spouses' options. The data demonstrate that, in some couples, one spouse would be happier and the other spouse unhappier outside of some marriages, suggesting that bargaining takes place and that spouses have private information. We estimate a bargaining model with interdependent utility that quantifies the resulting inefficiencies. Our results show that people forgo some utility in order to make their spouses better off and, in doing so, offset much of the inefficiency generated by their imperfect knowledge. Thus, we find evidence of asymmetric information and interdependent utility in marriage." @default.
- W2272129304 created "2016-06-24" @default.
- W2272129304 creator A5009052060 @default.
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- W2272129304 date "2014-10-28" @default.
- W2272129304 modified "2023-09-23" @default.
- W2272129304 title "MARRIAGE, DIVORCE, AND ASYMMETRIC INFORMATION" @default.
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- W2272129304 doi "https://doi.org/10.1111/iere.12086" @default.
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