A Search Theory of Dowry
نویسندگان
چکیده
Dowries have traditionally been viewed in economics as arising from a supply imbalance of the marriage market which disadvantages women. In this thesis, a different cause is proposed. Dowries are modelled as arising from an intertemporal bargaining process in a frictional search market, with differential aging in favour of men. This extends the insights of the standard model and is able to explain several puzzling stylised facts. Most notably, dowries may occur when there are more men than women in the market, and dowry and brideprice can coexist in the same market. The model is extended to include heterogeneous males of different quality. Thesis submitted in partial fulfilment of the requirements of the degree of Bachelor of International Studies (Honours) Supervised by Prof. Kunal Sengupta October 28, 2011 School of Economics University of Sydney
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