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Wife Sales

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  • Leeson, Peter T.
  • Boettke, Peter J.
  • Lemke, Jayme S.

Abstract

For over a century, English husbands sold their wives at auctions. We argue that wife sales were an institutional response to an unusual constellation of property rights in Industrial Revolution-era English law. That constellation simultaneously required most wives to obtain their husbands' consent to exit their marriages and denied most wives the right to own property. In doing so it precluded direct Coasean divorce bargains between spouses that could dissolve inefficient marriages when wives' valuation of life outside their marriages was higher than husbands' valuation of life inside them. To overcome this problem, spouses used wife sales to conduct divorce bargains indirectly. Wifesale auctions achieved this by identifying and leveraging "suitors" — men who valued unhappy wives more than their current husbands, who unhappy wives preferred to their current husbands, and who had the property rights required to buy unhappy wives' right to exit marriage from their husbands. The resulting transactions enabled unhappy wives in inefficient marriages to exit those marriages where English law otherwise prevented them from doing so.

Suggested Citation

  • Leeson, Peter T. & Boettke, Peter J. & Lemke, Jayme S., 2014. "Wife Sales," Review of Behavioral Economics, now publishers, vol. 1(4), pages 349-379, December.
    • Handle: RePEc:now:jnlrbe:105.00000014
    DOI: 10.1561/105.00000014
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    References listed on IDEAS

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    1. Posner, Richard A, 1980. "A Theory of Primitive Society, with Special Reference to Law," Journal of Law and Economics, University of Chicago Press, vol. 23(1), pages 1-53, April.
    2. Peter T. Leeson, 2009. "The Laws of Lawlessness," The Journal of Legal Studies, University of Chicago Press, vol. 38(2), pages 471-503, June.
    3. Justin Wolfers, 2006. "Did Unilateral Divorce Laws Raise Divorce Rates? A Reconciliation and New Results," American Economic Review, American Economic Association, vol. 96(5), pages 1802-1820, December.
    4. Peter T. Leeson, 2012. "Ordeals," Journal of Law and Economics, University of Chicago Press, vol. 55(3), pages 691-714.
    5. Peter T. Leeson, 2013. "Vermin Trials," Journal of Law and Economics, University of Chicago Press, vol. 56(3), pages 811-836.
    6. Leeson, Peter T. & Nowrasteh, Alex, 2011. "Was privateering plunder efficient?," Journal of Economic Behavior & Organization, Elsevier, vol. 79(3), pages 303-317, August.
    7. Peter Leeson, 2009. "The calculus of piratical consent: the myth of the myth of social contract," Public Choice, Springer, vol. 139(3), pages 443-459, June.
    8. Peter T. Leeson, 2007. "An-arrgh-chy: The Law and Economics of Pirate Organization," Journal of Political Economy, University of Chicago Press, vol. 115(6), pages 1049-1094, December.
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    Cited by:

    1. Leeson, Peter T. & Coyne, Christopher J., 2012. "Sassywood," Journal of Comparative Economics, Elsevier, vol. 40(4), pages 608-620.
    2. Peter T. Leeson & Joshua Pierson, 2016. "Prenups," The Journal of Legal Studies, University of Chicago Press, vol. 45(2), pages 367-400.
    3. Leeson, Peter T., 2020. "Logic is a harsh mistress: welfare economics for economists," Journal of Institutional Economics, Cambridge University Press, vol. 16(2), pages 145-150, April.
    4. Peter T. Leeson & Joshua Pierson, 2017. "Economic origins of the no-fault divorce revolution," European Journal of Law and Economics, Springer, vol. 43(3), pages 419-439, June.
    5. Paola A. Suarez, 2018. "Child-bride marriage and female welfare," European Journal of Law and Economics, Springer, vol. 45(1), pages 1-28, February.
    6. Rosolino A. Candela & Vincent Geloso, 2019. "Coase and transaction costs reconsidered: the case of the English lighthouse system," European Journal of Law and Economics, Springer, vol. 48(3), pages 331-349, December.
    7. Daniel J. D’Amico & Claudia R. Williamson, 2019. "An empirical examination of institutions and cross-country incarceration rates," Public Choice, Springer, vol. 180(3), pages 217-242, September.

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