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Same-Sex Marriage, The Great Equalizer

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Abstract

When limited to heterosexual marriage, agents of different genders are not guaranteed to harvest the same payoff even conditional on having the same type, even if all other factors, such as search costs or the distribution of partner types, are same across genders. If same-sex marriage is legalized and there is a positive mass of agents who find marriage with both sexes acceptable, then only symmetric equilibria survive in symmetric environments.

Suggested Citation

  • Parakhonyak, Alexey & Popov, Sergey V, 2019. "Same-Sex Marriage, The Great Equalizer," Cardiff Economics Working Papers E2019/2, Cardiff University, Cardiff Business School, Economics Section.
    • Handle: RePEc:cdf:wpaper:2019/2
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    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D1 - Microeconomics - - Household Behavior

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