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Showing posts from September, 2011

Anta-Santa (exchange marriage): Parental Transfers and Marital Bargaining

Marriage is perhaps the epitome of an incomplete contract. Its terms can never be fully specified ex-ante or enforced ex –post. A vast body of literature has thus highlighted the role of post-marital bargaining in determining intrahousehold allocations.  In traditional societies , where women’s  formal   legal rights are often weak and divorce  is highly stigmatized  , bargaining power can shift  radically in favor of the man  once the women commits herself to marriage .   This fact should have implications for the form of the marriage ‘contract’; in particular, its ex- ante provisions should reflect the interests of the wife & her family in deterring or mitigating ex-post malfeasance on the part of the husband.