Overinvestment in Marriage-Specific Capital

We consider the decisions of a married couple in a risky environment. The distribution of spouses bargaining power may change as a consequence of new outside opportunities that are offered to them, so that individual con- sumption may fluctuate over time. This is what we call "bargaining risk&q...

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Bibliographic details
Main Author: Donni, Olivier
Format: Paper
Language: English
Place of publication: 2012
Related: THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise
Data of publication: 2012
Series: THEMA Working Papers
Online Access: available in Bonn?
Database: RePEc
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