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Coase Theorem in Two-sided Matching Marriage Games
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- Authors
- Issue Date
- 1998-07
- Citation
- Seoul Journal of Economics, Vol.11 No.3, pp. 283-294
- Keywords
- optimal marital status ; lifetime partner ; marriage market
- Abstract
- This paper demonstrates the Coase Theorem via a two-sided matching framework. We show that in a residual claimer sharing rule economy. regardless of which party gets the right to claim the residual. the equilibrium marital status maximizes the total output and is identical to the optimal marital status in a central planner dictatorial economy.
- ISSN
- 1225-0279
- Language
- English
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