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Kitae Sohn |
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''Why are there singles: Being single in equilibrium as a partner discipline device'' |
( 2008, Vol. 10 No.10 ) |
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Although people constantly search for partners, there are always some ones who are left as singles. This paper provides a simple model to demonstrate that this can happen even in the environment most conducive to partnership, when monitoring infidelity is not perfect. The intuition is that, when having a partner is preferred to being single, being single can be used as a discipline device to prevent infidelity. |
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Keywords: Partner |
JEL: J6 - Mobility, Unemployment, and Vacancies: General D8 - Information, Knowledge, and Uncertainty: General |
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Manuscript Received : Jul 01 2008 | | Manuscript Accepted : Jul 03 2008 |
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