The pre-marital investment game
نویسنده
چکیده
Two sides of a finite marriage market engage in costly investment and are then matched assortatively. The purpose of the investment is solely to improve the quality of the match that the trader can attain in the second stage. The paper studies the limits of equilibrium of these finite matching games as the number of traders gets large. It is shown that mixed Nash equilibria in the finite games converge to degenerate pure strategy equilibria in the limit in which both sides of the market invest too much.
منابع مشابه
Competing Premarital Investment
This paper studies pre-marital parental investments in their children’s wealth where spousal wealth is a public good in marriage. By investing in their children’s wealth, parents increase the wealth of their children and the quality of the spouses that their children can marry. In large marriage markets, the hedonic return to investment internalizes all the external benefits of pre-marital inve...
متن کاملCombination of real options and game-theoretic approach in investment analysis
Investments in technology create a large amount of capital investments by major companies. Assessing such investment projects is identified as critical to the efficient assignment of resources. Viewing investment projects as real options, this paper expands a method for assessing technology investment decisions in the linkage existence of uncertainty and competition. It combines the game-theore...
متن کاملMaking Yourself Attractive: Pre-Marital Investments and the Returns to Education on the Marriage Market
While several studies examine the e¤ect of marriage market conditions on post-marital labor supply, few account for the e¤ect that these conditions may have on pre-marital investment decisions and mate selection. This paper investigates theoretically and empirically how changes in marriage market conditions a¤ect pre-marital investments. I rst show how a change in the sex ratio that is, the r...
متن کاملMaking Yourself Attractive: Pre-Marital Investments and the Returns to Education in the Marriage Market∗
While several studies examine the effect of marriage market conditions on post-marital labor supply, few account for the effect of these conditions on pre-marital investment decisions and mate selection. This paper investigates theoretically and empirically how changes in marriage market conditions affect pre-marital investments. I first show how a change in the sex ratio – that is, the ratio o...
متن کاملDilemma in two game structures for a closed-loop supply chain under the influence of government incentives
The government organizations grant incentives to promote green product consumption, improve green product quality, boost remanufacturing activities, etc. through various policies. The objective of this study is to highlight pros and cons of two incentive policies, namely (1) incentive on manufacturer’s R&D investment and (2) direct incentive to consumer based on greening level of the product on...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
- J. Economic Theory
دوره 137 شماره
صفحات -
تاریخ انتشار 2007