A Theory of Marriage: Part I

Becker, Gary S.

doi:10.1086/260084

Cited by 2,852 publications

(2,189 citation statements)

References 10 publications

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“…In a (re)marriage market, assortative mating implies that people tend to end up with marriage partners of similar attractiveness (e.g., Becker, 1973). An individual's attractiveness may have several dimensions, such as wealth, age, looks, personality, and so on.…”

Section: Determinants Of Divorce; a Logit Modelmentioning

confidence: 99%

Extramarital Affairs, Marital Satisfaction, and Divorce: Evidence from Hong Kong

Fan¹,

Lui²

2004

Contemporary Economic Policy

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This article provides the first empirical study on how the perceived changes of marital satisfaction affect marital stability using a unique data set obtained in Hong Kong. It is found that the change of marital satisfaction due to extramarital affairs clearly increases the probability of divorce, but it is not the only determinant of marital instability. In particular, the presence of dependent children in a family and good marital quality before the discovery of extramarital affairs would lower the probability of divorce. Moreover, this article generates several interesting policy implications. (JEL Dl, Jl)

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Section: Determinants Of Divorce; a Logit Modelmentioning

confidence: 99%

Extramarital Affairs, Marital Satisfaction, and Divorce: Evidence from Hong Kong

Fan¹,

Lui²

2004

Contemporary Economic Policy

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“…The examples of the common supermodular production functions are similar. 5 The first contribution is Becker (1973). Also see Topkis (1998) for more details.…”

Section: Assortative Matchingmentioning

confidence: 99%

“…Rosen (1974) develops a theory of equalising differences for a commodity market and shows that implicit markets arise for differentiated products in which hedonic prices adjust so that all markets clear: The observed price differentials reflect the buyer's willingness to pay for a better product. 1 The key idea of equalising differences also holds in the labour market. Rosen (1986) applies the theory to the labour market and finds that equilibrium wage differentials reflect workers' willingness to pay for job characteristics.…”

Section: Introductionmentioning

confidence: 99%

Compensating Wage Differentials in Stable Job Matching Equilibrium

Han

Yamaguchi

2012

SSRN Journal

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This paper studies implicit pricing of non-wage job characteristics in the labour market using a two-sided matching model. It departs from the previous literature by allowing worker heterogeneity in productivity, which gives rise to a double transaction problem in a hedonic model. Deriving sufficient conditions under which assortative matching is the unique stable job-worker matching, we show that observed wage differentials between jobs reflect not only compensating wage differentials, but also worker productivity gaps between the jobs. We find that the job-worker matching pattern determines the extent to which compensating wage differentials are confounded with the worker productivity gap effect.

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“…Other non-auction settings in which the assignment game has been applied include marriage markets (Becker (1973)), mergers (Akkus et al (2013)), and hedonic pricing models (Chiappori et al (2009)). …”

Section: Introductionmentioning

confidence: 99%

To Score or Not to Score? Estimates of a Sponsored Search Auction Model

2015

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We estimate a structural model of a sponsored search auction model. To accommodate the "position paradox", we relax the assumption of decreasing click volumes with position ranks, which is often assumed in the literature. Using data from "Website X", one of the largest online marketplaces in China, we find that merchants of different qualities adopt different bidding strategies: high quality merchants bid more aggressively for informative keywords, while low quality merchants are more likely to be sorted to the top positions for vague keywords. Counterfactual evaluations show that the price trend becomes steeper after moving to a score-weighted generalized second price auction, with much higher prices obtained for the top position but lower prices for the other positions. Overall there is only a very modest change in total revenue from introducing popularity scoring, despite the intent in bid scoring to reward popular merchants with price discounts. JEL classification numbers: D44; D47; C11; C15

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A Theory of Marriage: Part I

Cited by 2,852 publications

References 10 publications

Extramarital Affairs, Marital Satisfaction, and Divorce: Evidence from Hong Kong

Extramarital Affairs, Marital Satisfaction, and Divorce: Evidence from Hong Kong

Compensating Wage Differentials in Stable Job Matching Equilibrium

To Score or Not to Score? Estimates of a Sponsored Search Auction Model

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