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Marriage and the Value of Waiting

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Author Info
Strobel, F.

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Abstract

Using a simple model where singles try to maximize their pizazz, we examine the value of the option to give up single life in favor of marriage when singles' pizazz levels follow correlated geometric Browninan motions.

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Publisher Info
Paper provided by Department of Economics, University of Birmingham in its series Discussion Papers with number 99-24.

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Length: 9 pages
Date of creation: 1999
Date of revision:
Handle: RePEc:bir:birmec:99-24

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Postal: Edgbaston, Birmingham, B15 2TT
Web page: http://www.economics.bham.ac.uk
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Related research
Keywords: MARRIAGE ; INVESTMENTS ; STOCHASTIC PROCESS;

Other versions of this item:

Find related papers by JEL classification:
J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
J1 - Labor and Demographic Economics - - Demographic Economics

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