Staying together for the sake of the bills: Part 2, living with it
[Continued from yesterday's Part 1.]
As we saw yesterday, using some slice-of-life divorce drama from The New York Times, divorce not only ends a legal entity (the marital estate), it requires division of the assets into two independent clusters.
Each of us gets half of these assets
Dividing the marital union destroys economic value, both in transaction costs [...]
