Transplants and Implants: The Economics of Self‐Improvement
Transplants and Implants: The Economics of Self‐Improvement
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移植和植入:自我完善的经济学
DOI:
10.1111/1468-2354.00126
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发表时间:
2001
影响因子:
1.5
通讯作者:
M. Coles
中科院分区:
文献类型:
--
作者:
K. Burdett;M. Coles
This article examines equilibrium self-improvement and marriage proposal strategies in a two-sided search model with nontransferable utility. Singles are vertically differentiated--some make better marriage partners than others. A complete characterization of equilibrium is provided. It is shown there are two externalities to self-improvement decisions. Further, these externalities may support multiple Pareto rankable equilibria. By encouraging everybody to self-improve, society can create a situation where everybody is forced to improve to remain "acceptable." But a preferred equilibrium may exist where there is less (costly) self-improvement.