Marriage and divorce: informational constraints and private contracting
实证检验了婚姻契约的两种模型,核心区别在于信息是否对称,并分析不同离婚规则对婚姻开始、终止及离婚时资源分配的影响。
This paper presents an empirical test of two contrasting models of contracting in marital relationships. The major distinction between the two models concerns the role of information. The first model assumes that ex post information about the value of opportunities outside the relationship is symmetric. The second model assumes that information is asymmetric. Each assumption leads to different implications about the effects of rules allowing unilateral versus mutual divorce decisions on the probability of initiating and terminating the marriage and on the distribution of marital resources at divorce. Copyright 1986 by American Economic Association.