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Social Arrangements and Economic Behavior

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  • Andrew POSTLEWAITE

Abstract

The social organization of society can have an important effect on the economic organization of that society. By this, we mean that there are not markets to mediate the determination of all things people legitimately care about from an economic point of view. This "incompleteness" of markets will typically lead to an indeterminacy in the social organization, that is, in who associates with whom, who marries whom, and so on. We discuss these points in detail and illustrate them with several formal models.

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Bibliographic Info

Article provided by ENSAE in its journal Annals of Economics and Statistics.

Volume (Year): (2001)
Issue (Month): 63-64 ()
Pages: 67-87

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Handle: RePEc:adr:anecst:y:2001:i:63-64:p:04

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Cited by:
  1. Cappelen, Alexander W & Konow, James & Sorensen, Erik O & Tungodden, Bertil, 2010. "Just luck: an experimental study of risk taking and fairness," MPRA Paper 24475, University Library of Munich, Germany.
  2. Claudia Senik & Andrew E. Clark, 2007. "La croissance rend-elle heureux ? La réponse des données subjectives," PSE Working Papers, HAL halshs-00588314, HAL.
  3. Ernst Fehr & Klaus M. Schmidt, . "Theories of Fairness and Reciprocity - Evidence and Economic Applications," IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich 075, Institute for Empirical Research in Economics - University of Zurich.
  4. Stark, Oded & Kobus, Martyna & Jakubek, Marcin, 2011. "A concern about low relative income, and the alignment of utilitarianism with egalitarianism," Discussion Papers, University of Bonn, Center for Development Research (ZEF) 117257, University of Bonn, Center for Development Research (ZEF).
  5. Richard Ball & Kateryna Chernova, 2008. "Absolute Income, Relative Income, and Happiness," Social Indicators Research, Springer, Springer, vol. 88(3), pages 497-529, September.
  6. Jérémy Celse, 2009. "Will Joe the Plumber envy Bill Gates? The impact of both absolute and relative differences on interdependent preferences," Working Papers, LAMETA, Universtiy of Montpellier 09-26, LAMETA, Universtiy of Montpellier, revised Dec 2009.
  7. Illoong Kwon & Eva Meyersson Milgrom, 2007. "Status in the Workplace: Evidence from M&A," Discussion Papers, University at Albany, SUNY, Department of Economics 07-01, University at Albany, SUNY, Department of Economics.
  8. Kirsten Häger, 2010. "Envy and Altruism in Children," Jena Economic Research Papers, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics 2010-063, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  9. Hans-Rüdiger Pfister & Gisela Böhm, 2012. "Responder Feelings in a Three-Player Three-Option Ultimatum Game: Affective Determinants of Rejection Behavior," Games, MDPI, Open Access Journal, MDPI, Open Access Journal, vol. 3(1), pages 1-29, February.

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