The Law and Economics of Marriage Contracts

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    13 Citations (Scopus)

    Abstract

    Growth in property ownership has raised the stakes in the distribution of financial assets on divorce. Given high risks of marital failure, this has stimulated the demand for private ordering through enforceable marriage contracts. This paper surveys the existing law and economics literature and legal practice to consider the state of knowledge on the economic theory, scope and limits of written nuptial agreements.

    Original languageEnglish
    Pages (from-to)201-226
    Number of pages25
    JournalJournal of Economic Surveys
    Volume17
    Issue number2
    DOIs
    Publication statusPublished - Apr 2003

    Keywords

    • marriage contracts
    • prenuptial agreements
    • marital property
    • BARGAINED HOUSEHOLD DECISIONS
    • INCOMPLETE CONTRACTS
    • DIVORCE SETTLEMENTS
    • MARITAL DISSOLUTION
    • LABOR
    • FAMILY
    • ENFORCEMENT
    • AGREEMENTS
    • PROPERTY
    • MARKET

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