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The Pre-Marital Investment Game: Addendum

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  • Peters, Michael

Abstract

The paper proves existence of equilibrium in a fairly general version of the pre-marital investment game. The game has discontinuous payoffs, so the method of Reny (1999) is used. Three assumptions are imposed on the matching process that occurs after investments are realized. It must be assortative, it must resolve ties efficiently, and it must not allow externalities.

Suggested Citation

  • Peters, Michael, 2005. "The Pre-Marital Investment Game: Addendum," Microeconomics.ca working papers peters-05-12-16-12-42-35, Vancouver School of Economics, revised 17 Mar 2006.
    • Handle: RePEc:ubc:pmicro:peters-05-12-16-12-42-35
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    File URL: http://microeconomics.ca/michael_peters/matching_limit_sim_add.pdf
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    References listed on IDEAS

    as
    1. Michael Peters & Aloysius Siow, 2002. "Competing Premarital Investments," Journal of Political Economy, University of Chicago Press, vol. 110(3), pages 592-608, June.
    2. Philip J. Reny, 1999. "On the Existence of Pure and Mixed Strategy Nash Equilibria in Discontinuous Games," Econometrica, Econometric Society, vol. 67(5), pages 1029-1056, September.
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    More about this item

    Keywords

    pre-marital investment; assortative matching; equilibrium in discontinuous games;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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