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An economic model of child custody.
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Authors:
Francesconi, Marco
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Muthoo, Abhinay
Year: 2003 Publisher: London Institute for Social and Economic Research
Year: 2003 Publisher: London Institute for Social and Economic Research
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Abstract
This paper develops a model of child custody based on an incomplete-contract approach to the allocation of property rights. Because of the presence of transaction costs in marriage, altruistic parents cannot contract upon the investments they make into their children, but can reduce the resulting inefficiencies by determining ex ante the parent who would be allocated custody in case they divorce. (ISER)
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