Minimize Transactions Costs for a Healthy Marriage
We have started a five-month stay in Bonn, Germany: my sabbatical time. It’s the first new residence we’ve set up in 13 years. Despite our lack of recent experience we instantly adopted a number of conventions that we’ve established over 42 years of marriage, all implicitly designed to minimize transactions costs in our household.
My towel goes on the right of the towel bar, my pills go to the right of my wife’s, I get the right-hand closet, etc. These choices help us avoid confusion and reduce the need to think about things early in the morning when one is barely awake.
There are numerous others, and I’m sure our marriage is typical. Indeed, I would think that the minimization of transactions costs is a major source of economies in marriage/partnership; those marriages/partnerships that are successful are those that are better able to reduce the transactions costs inherent in living together.