Bequest as a Public Good within Marriage: A Note
指出,父母对子女的遗产赠与可能导致帕累托低效,因为一方家庭在赠与时忽略了另一方家庭子女的效用。基于遗产的选型婚配规则可以改善甚至恢复帕累托效率。
Bequest to and marriage of children can lead to a Pareto-inefficient allocation. The inefficiency (or market failure) arises because one family, making a bequest to its own child, ignores the contribution to the utility of the other family whose child enters the marriage. This note shows that an assortative mating rule based on bequests can improve or even restore Pareto efficiency when parents take account of the rule in deciding the amount of bequests to their own children. Copyright 1994 by University of Chicago Press.