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Love and Addiction: The Importance of Commitment

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Author Info

  • Steven F. Koch

    ()
    (Department of Economics, University of Pretoria)

Abstract

The bilaterally monopolistic nature of relationships between part- ners, combined with the addictive nature of love, which represents the emotion people feel during the course of a relationship, results in love growth when re- lationships are based on commitment. However, in relationships with less than perfect commitment, love will wither, and potentially die. In this paper, the path of love through a relationship is examined under the assumption that love is addictive and that partners may or may not be able to commit to a relationship. The differences in the results suggest that cohabiting partners may, by their very lack of commitment at the outset, be unsuited to successful marriages.

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Bibliographic Info

Paper provided by University of Pretoria, Department of Economics in its series Working Papers with number 200516.

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Length: 38 pages
Date of creation: Dec 2005
Date of revision:
Handle: RePEc:pre:wpaper:200516

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Keywords: Addiction; Commitment;

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References

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  11. Boheim, Rene & Ermisch, John, 2001. " Partnership Dissolution in the UK--The Role of Economic Circumstances," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 63(2), pages 197-208, May.
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  13. Johnson, William R & Skinner, Jonathan, 1986. "Labor Supply and Marital Separation," American Economic Review, American Economic Association, vol. 76(3), pages 455-69, June.
  14. Ann Berrington & Ian Diamond, 2000. "Marriage or cohabitation: a competing risks analysis of first-partnership formation among the 1958 British birth cohort," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 163(2), pages 127-151.
  15. Waters, Melissa S. & Ressler, Rand W., 1999. "An economic model of cohabitation and divorce," Journal of Economic Behavior & Organization, Elsevier, vol. 40(2), pages 195-206, October.
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  17. Gray, Jeffrey S, 1998. "Divorce-Law Changes, Household Bargaining, and Married Women's Labor Supply," American Economic Review, American Economic Association, vol. 88(3), pages 628-42, June.
  18. Bergstrom, T., 1995. "Economics of a Family Way," Papers 95-07, Michigan - Center for Research on Economic & Social Theory.
  19. Feinberg, Yossi & Kamien, Morton I., 2001. "Highway robbery: complementary monopoly and the hold-up problem," International Journal of Industrial Organization, Elsevier, vol. 19(10), pages 1603-1621, December.
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Blog mentions

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  1. The rationality of Valentine's day
    by chris dillow in Stumbling and Mumbling on 2009-02-14 12:58:46

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