IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v14y2007i1p49-52.html
   My bibliography  Save this article

Optimal dynamic path of effort on marriage: differences between arranged and love marriages

Author

Listed:
  • Xuemei Liu

Abstract

People benefit from good marriages. Thus, everyone is willing to put effort into marriage to improve the quality of marriage. However, effort is costly. Then everyone faces the same question: how much effort should I put into marriage? A dynamic optimal control model is used in trying to answer this question. The study shows that for arranged marriages that start with little love, an agent should devote a great deal of effort to marriage in the very beginning, and then reduce the effort until a steady state level. However, for love marriages that start with deep love, there is no need for an agent to devote as much effort as in the steady state. The agent should start to put low effort on marriage, high effort on other activities, and continuously increase the effort on marriage up to the steady state level.

Suggested Citation

  • Xuemei Liu, 2007. "Optimal dynamic path of effort on marriage: differences between arranged and love marriages," Applied Economics Letters, Taylor & Francis Journals, vol. 14(1), pages 49-52.
    • Handle: RePEc:taf:apeclt:v:14:y:2007:i:1:p:49-52
    DOI: 10.1080/13504850500425691
    as

    Download full text from publisher

    File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850500425691&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13504850500425691?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Amitrajeet Batabyal, 1999. "A dynamic and stochastic analysis of decision making in arranged marriages," Applied Economics Letters, Taylor & Francis Journals, vol. 6(7), pages 439-442.
    2. Peters, H Elizabeth, 1986. "Marriage and Divorce: Informational Constraints and Private Contracting," American Economic Review, American Economic Association, vol. 76(3), pages 437-454, June.
    3. Tracy J. Cornelius, 2003. "A Search Model of Marriage and Divorce," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(1), pages 135-155, January.
    4. Becker, Gary S, 1973. "A Theory of Marriage: Part I," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 813-846, July-Aug..
    5. Amitrajeet Batabyal & Hamid Beladi, 2002. "Arranged or love marriage? That is the question," Applied Economics Letters, Taylor & Francis Journals, vol. 9(13), pages 893-897.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Batabyal, Amitrajeet & Yoo, Seung Jick, 2016. "Effort Application in an Arranged Marriage: A Game-Theoretic Analysis," MPRA Paper 74745, University Library of Munich, Germany.
    2. Man Si, 2015. "Intrafamily bargaining and love," Review of Economics of the Household, Springer, vol. 13(4), pages 771-789, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Batabyal, Amitrajeet, 2016. "Making an arranged marriage work: A game-theoretic analysis," MPRA Paper 71199, University Library of Munich, Germany, revised 06 May 2016.
    2. Batabyal, Amitrajeet & Yoo, Seung Jick, 2016. "Effort Application in an Arranged Marriage: A Game-Theoretic Analysis," MPRA Paper 74745, University Library of Munich, Germany.
    3. Giolito, Eugenio, 2004. "A Search Model of Marriage with Differential Fecundity," IZA Discussion Papers 1082, Institute of Labor Economics (IZA).
    4. John Douglas Skåtun, 2017. "Bargaining on your Spouse: Coasean and Non-Coasean Behaviour Within Marriage," Journal of Family and Economic Issues, Springer, vol. 38(2), pages 263-278, June.
    5. Martin Halla & Johann Scharler, 2012. "Marriage, Divorce, and Interstate Risk Sharing," Scandinavian Journal of Economics, Wiley Blackwell, vol. 114(1), pages 55-78, March.
    6. Wolfgang Frimmel & Martin Halla & Rudolf Winter-Ebmer, 2016. "How Does Parental Divorce Affect Children's Long-term Outcomes?," Working Papers 2016-13, Faculty of Economics and Statistics, Universität Innsbruck.
    7. Levin, Mark (Левин, Марк) & Matrosova, Ksenia (Матросова, Ксения), 2018. "Development and Research of Economic Behavior of Households in Changing Conditions [Разработка И Исследование Экономического Поведения Домохозяйств В Изменяющихся Условиях]," Working Papers 041825, Russian Presidential Academy of National Economy and Public Administration.
    8. Vaillant, Nicolas G. & Harrant, Valérie, 2008. "Determinants of the likelihood of finding the right partner in an arranged marriage: Evidence from a French matchmaking agency," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(2), pages 657-671, April.
    9. Telalagic, S., 2012. "Domestic Production as a Source of Marital Power: Theory and Evidence from Malawi," Cambridge Working Papers in Economics 1243, Faculty of Economics, University of Cambridge.
    10. Bargain, Olivier & González, Libertad & Keane, Claire & Özcan, Berkay, 2012. "Female labor supply and divorce: New evidence from Ireland," European Economic Review, Elsevier, vol. 56(8), pages 1675-1691.
    11. Peter Thompson, 2008. "Desperate Housewives? Communication Difficulties and the Dynamics of Marital (un)Happiness," Economic Journal, Royal Economic Society, vol. 118(532), pages 1640-1669, October.
    12. Pierre‐Andre Chiappori & Murat Iyigun & Jeanne Lafortune & Yoram Weiss, 2017. "Changing the Rules Midway: The Impact of Granting Alimony Rights on Existing and Newly Formed Partnerships," Economic Journal, Royal Economic Society, vol. 127(604), pages 1874-1905, September.
    13. Tabasso, D, 2009. "With or Without You: Time Use Complementarities and Divorce Rate in the US," Economics Discussion Papers 8937, University of Essex, Department of Economics.
    14. Rafael González-Val & Miriam Marcén, 2015. "Regional unemployment, marriage, and divorce," Working Papers 2015/38, Institut d'Economia de Barcelona (IEB).
    15. Rafael González-Val & Miriam Marcén, 2018. "Unemployment, marriage and divorce," Applied Economics, Taylor & Francis Journals, vol. 50(13), pages 1495-1508, March.
    16. Mario Vozar, 2010. "The Effect of Time in a Multi-Dimensional Marriage Market Model," CERGE-EI Working Papers wp417, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    17. Shelly Lundberg & Aloysius Siow, 2017. "Canadian contributions to family economics," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 50(5), pages 1304-1323, December.
    18. Pieter A. Gautier & Michael Svarer & Coen N. Teulings, 2007. "Sin City?," Tinbergen Institute Discussion Papers 07-021/3, Tinbergen Institute.
      • Pieter A. Gautier & Michael Svarer & Coen N. Teulings, 2007. "Sin City?," Economics Working Papers 2007-01, Department of Economics and Business Economics, Aarhus University.
      • Teulings, Coen & Gautier, Pieter & Svarer, Michael, 2007. "Sin City?," CEPR Discussion Papers 6170, C.E.P.R. Discussion Papers.
      • Gautier, Pieter A. & Svarer, Michael & Teulings, Coen, 2007. "Sin City?," IZA Discussion Papers 2632, Institute of Labor Economics (IZA).
      • Pieter A. Gautier & Michael Svarer & Coen N. Teulings, 2007. "Sin City?," CAM Working Papers 2007-01, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics.
    19. Valerio Filoso, 2009. "Divorce And The Option Value Of Marital Search," Metroeconomica, Wiley Blackwell, vol. 60(1), pages 119-149, February.
    20. Shoshana Grossbard & Victoria Vernon, 2014. "Common law marriage and couple formation," IZA Journal of Labor Economics, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 3(1), pages 1-26, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:14:y:2007:i:1:p:49-52. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.