Abstract

In this paper, I show how the ITU framework developed recently by Galichon, Kominers and Weber (2016) can be used to integrate collective models to the marriage market. I set up a simple model with Cobb-Douglas utility functions, and show how it can be embedded in their matching framework. I show how important concepts such as the Pareto weights or the sharing rule are connected to this setting. Finally, I provide several numerical examples as well as comparative statics exercises to illustrate the properties of the model.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.