Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Assignment

Following is a short article from "The New York Times", it is the column "Economic Scene" - Polygamy and the Marriage Market: Who Would Have the Upper Hand. It uses supply and demand analysis to identify the "victims" of plural marriage.

Based on this article prepare a 1-2 page (double spaced) paper of 200 to 400 words that provides your thoughts relating to the two questions:

What did you learn? In this section, you should summarize your learnings from the article connecting these thoughts, as much as possible, to the subjects discussed in class and covered in the text readings.

What is your opinion? In this section you should present your reaction to the analysis presented by the author. Do you agree with the application of economic principles to this topic and why? Do you support the author's conclusions and recommendations and why? Does the author's arguments/analyses have applications in other areas and why? The three preceding sentences are meant to stimulate your thinking; you are not required to respond to these three sub-questions, nor are you limited to these topics.

From the "New York Times"

March 16, 2006 Economic Scene

Polygamy and the Marriage Market: Who Would Have the Upper Hand?

By ROBERT H. FRANK

MOST people believe that consenting adults should be free to do as they please, provided they do not cause unacceptable harm to others. The difficult question, of course, is what constitutes unacceptable harm. The debut on Sunday night of "Big Love," the new HBO series about a polygamous fictional family in Salt Lake City, has touched off renewed debate about this question.

Barb, Nicki and Margene, the three heroines of "Big Love," chose to marry Bill Henrickson, a successful businessman able to provide generously for their extended family. Mr. Henrickson chose to marry them. Should society outlaw such arrangements because they cause unacceptable harm to others? If so, who is harmed, exactly, and how? Economic theory, it turns out, has interesting things to say about these questions.

The traditional argument against plural marriage is that it harms women, particularly younger women who may be coerced to enter such marriages. Needless to say, society should prohibit forced participation in any marriage, whether plural or monogamous. But mature women who freely choose plural marriage reveal a preference for that arrangement. So if plural marriage harms women, the victims must be those who prefer monogamy.

It is easy to see how some of these women may be harmed. In a monogamous world, for example, Barb's first choice might have been to marry Bill, who would also have chosen to marry her. But with plural marriage permissible, Bill might prefer to marry not just Barb, but also Nicki and Margene. Barb would then have to choose between two lesser outcomes: a continued search or a plural marriage not to her liking.

Of course, the mere fact that allowing plural marriage may eliminate attractive options for some women does not imply that it imposes unacceptable harm on women generally. Suppose, for example, that if polygamy were legal, 10 percent of adult men would take an average of three wives apiece and that all remaining marriages would be monogamous. Among aspiring monogamists, there would then be nine men for every seven women. The law of supply and demand applies no less to social relationships than to ordinary commercial transactions. With an excess supply of men in the informal market for monogamous marriage partners, the terms of exchange would shift in favor of women. Wives would change fewer diapers, and their parents might even escape paying for weddings.

What about men? Here, too, plural marriage would clearly benefit some. After all, there are surely other men like Bill Henrickson of "Big Love" who would not only prefer multiple wives, but also be able to attract them.

But what about those who prefer monogamy? Permitting plural unions would, as noted, create an imbalance of men over women among monogamists. With so many formerly eligible women no longer available, the terms of exchange would turn sharply against men (as happened recently in China as a result of female infanticide). Many men would fail to marry at all.

In short, the logic of supply and demand turns the conventional wisdom about plural marriage on its head. If the arrangement harms others, the most likely victims are men, not women.

This conclusion is reinforced if we take account of the costly, and mutually offsetting, jockeying for position associated with men's attempts to win the attention of scarce women. The inherent wastefulness of such "positional arms races" is vividly illustrated by examples from nonhuman animal species.

The overwhelming majority of such species are polygynous, meaning that some males take more than one mate. Since having multiple mates is extremely advantageous in Darwinian terms, males typically battle one another ferociously for access to females. Size often decides these battles, so males tend to be considerably larger than females in polygynous species.

Some bull elephant seals, for example, are more than 20 feet long and weigh more than 6,000 pounds (about as much as a Lincoln Navigator), whereas females are typically less than 12 feet long and weigh about 1,500 pounds. Natural selection favored larger males because the winners of the long and bloody battles between males often command nearly exclusive sexual access to harems of more than 50 females.

But although being bigger than one's rivals is clearly advantageous for large seals, they are also less mobile and hence more vulnerable to sharks and other predators. Relative size, not absolute size, governs the outcomes of fights, so it would clearly be better if each male were only half as large. All fights would be resolved as before, yet all males would be less vulnerable to predators. Unfortunately, however, seals have no practical way of curtailing the arms race that makes them so big.

Permitting plural marriage in human societies would unleash competitive forces analogous to those we see in other species. With women in chronically short supply, men would face even more intense pressure than they do now to get ahead economically, to spend even longer hours honing their abs. More men would undergo cosmetic surgery. Expenditures on engagement rings would rise. Valentine's Day bouquets would be two dozen roses, not just a dozen. Yet no matter how valiantly each man strove, the same number would be destined not to marry.

Unlike other animal species, human societies can employ the power of law to constrain such positional arms races. In addition to whatever other purposes they may serve, laws against plural marriage may function as positional arms control agreements that make life less stressful for men. And this may help explain their appeal to the predominantly male legislatures that enact them.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92458637
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Microeconomics

Question some economists and politicians have suggested

Question: Some economists and politicians have suggested that in future years, the concept of the common European currency be extended to include those smaller countries previously under Soviet domination. What would be ...

Question in 1998 japanese real gdp fell 2frac12 in spite of

Question: In 1998, Japanese real GDP fell 2½% in spite of a sharp decline in interest rates and massive increases in government spending. In terms of the IS/LM diagram, what factors must have shifted to offset the moneta ...

Question suppose the united states increases the penalties

Question: Suppose the United States increases the penalties for illegal immigration to include long jail sentences for illegal workers. Analyze the effects of this increased penalty on the wages and employment levels of ...

Question monty hall the host of lees make a deal has

Question: Monty Hall (the host of Lees Make a Deal) has presented Fred with the choice of three doors. Behind two of the doors are "booby prizes." A new car is behind the other door. Fred selects a door (#1, for example) ...

Question what is a high-performance work system provide

Question: What is a high-performance work system? Provide examples of the typical components in a high-performance work system. The response must be typed, single spaced, must be in times new roman font (size 12) and mus ...

Question 1australia and canada have a free trade agreement

Question 1 Australia and Canada have a free trade agreement in which, Australia exports beef to Canada. a. Draw a graph and use it to explain and illustrate the impact of trade on consumers, producers and the Australian ...

Question one study compared the performance of a single

Question: One study compared the performance of a single company's franchised and company-owned fast-food outlets on health inspections. It found that franchises received higher (i.e., better) average point scores on a s ...

Question if you own 650 shares of air line inc at 422 270

Question: If you own 650 shares of Air Line Inc at $42.2, 270 shares of BuyRite at $55.45, and 370 shares of Motor City at $9.4, what are the portfolio weights of each stock? The response must be typed, single spaced, mu ...

Question a group of 10 people have the following annual

Question: A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Calculate the share of total income received by each quintile of ...

Question if banks borrow from the feds discount window what

Question: If banks borrow from the Fed's discount window, what would happen to the money supply (assume no offsetting Fed actions)? Explain. True, false, or uncertain: The Federal Reserve prints money (currency) to activ ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As