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Love and Addiction: The Importance of Commitment

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  • 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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  1. Gary S. Becker, 1974. "A Theory of Marriage: Part II," NBER Chapters, in: Marriage, Family, Human Capital, and Fertility, pages 11-26 National Bureau of Economic Research, Inc.
  2. Becker, Gary S, 1973. "A Theory of Marriage: Part I," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 813-46, July-Aug..
  3. Nakosteen, Robert A & Zimmer, Michael A, 2001. "Spouse Selection and Earnings: Evidence of Marital Sorting," Economic Inquiry, Western Economic Association International, vol. 39(2), pages 201-13, April.
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  6. Becker, Gary S & Landes, Elisabeth M & Michael, Robert T, 1977. "An Economic Analysis of Marital Instability," Journal of Political Economy, University of Chicago Press, vol. 85(6), pages 1141-87, December.
  7. Theodore C. Bergstrom, . "Economics in a Family Way," ELSE working papers 018, ESRC Centre on Economics Learning and Social Evolution.
  8. Johnson, William R & Skinner, Jonathan, 1986. "Labor Supply and Marital Separation," American Economic Review, American Economic Association, vol. 76(3), pages 455-69, June.
  9. 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.
  10. 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.
  11. 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.
  12. Iannaccone, Laurence R., 1986. "Addiction and satiation," Economics Letters, Elsevier, vol. 21(1), pages 95-99.
  13. Coase, Ronald H, 1972. "Durability and Monopoly," Journal of Law and Economics, University of Chicago Press, vol. 15(1), pages 143-49, April.
  14. Steven Tadelis & Oliver E.Williamson, 2012. "Transaction Cost Economics
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    ," Introductory Chapters, Princeton University Press.
  15. Becker, Gary S & Murphy, Kevin M, 1988. "A Theory of Rational Addiction," Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 675-700, August.
  16. Casadesus-Masanell, Ramon & Spulber, Daniel F, 2000. "The Fable of Fisher Body," Journal of Law and Economics, University of Chicago Press, vol. 43(1), pages 67-104, April.
  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. Pollak, Robert A, 1970. "Habit Formation and Dynamic Demand Functions," Journal of Political Economy, University of Chicago Press, vol. 78(4), pages 745-63, Part I Ju.
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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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