On strategy and the likelihood of success in marital matchmaking under uncertainty
AbstractIndividuals wishing to get married have made increasing use of matchmakers. This notwithstanding, economists have paid scant attention to the strategies employed by matchmakers and to the likelihood of success arising from the use of these strategies. Consequently, we first specify a âlocalâ and then a âglobalâ strategy for matching male and female clients and then we compute the expected total cost to a matchmaker from the use of these strategies. Next, we calculate the mean number of successes that our matchmaker can hope for. Finally, we provide an upper bound on the probability that the number of matching successes is at least 1+ θ times the mean number, where θ is any positive number.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 10 (2004)
Issue (Month): 7 ()
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Find related papers by JEL classification:
- J0 - Labor and Demographic Economics - - General
- J4 - Labor and Demographic Economics - - Particular Labor Markets
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- van Raalte, Chris & Webers, Harry, 1998. "Spatial competition with intermediated matching," Journal of Economic Behavior & Organization, Elsevier, vol. 34(3), pages 477-488, March.
- Amitrajeet Batabyal & Hamid Beladi, 2002. "Arranged or love marriage? That is the question," Applied Economics Letters, Taylor and Francis Journals, vol. 9(13), pages 893-897.
- Batabyal, Amitrajeet A., 2001. "On the likelihood of finding the right partner in an arranged marriage," The Journal of Socio-Economics, Elsevier, vol. 30(3), pages 273-280, May.
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