Consistent bargaining conjectures in marriage and matching
Abstract In this model of bargaining in marriage markets, we assume that each couple bargains in a systematic way over the distribution of the utility of their marriage and that each market participant has accurate conjectures about the utility he or she could obtain through a similar bargaining process with every other potential partner. This paper formulates the bargaining model, characterizes consistent conjectures, and characterizes the matchings which are stable with respect to these conjectures.