 Marriage Formation with Assortative Meeting as a Two-Sided Optimal Stopping ProblemDEM Discussion Paper Series from Department of Economics at the University of Luxembourg Abstract: In this paper we study marriage formation through a two-sided secretary problem approach. We consider individuals with non transferable utility and two different dimensions of heterogeneity, a characteristic evaluated according to the idiosyncratic preferences of potential partners, and a universally-rankable characteristic. There are two possible states of the world, one in which people meet their partner randomly, and one in which the meeting occurs between individuals with similar characteristics. We show that individuals with higher universal characteristic tend to be more picky in their marriage hunting. This does not necessarily mean that they marry later than other individuals, since the higher expected quality of their potential partners in the assortative meeting state can make them marry earlier than individuals with a lower universal characterictic. Keywords: secretary problem; random meeting; assortative meeting (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:luc:wpaper:13-29 Access Statistics for this paper More papers in DEM Discussion Paper Series from Department of Economics at the University of Luxembourg Contact information at EDIRC. |
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