Social Arrangements and Economic Behavior
AbstractThe 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 InfoArticle provided by ENSAE in its journal Annals of Economics and Statistics.
Volume (Year): (2001)
Issue (Month): 63-64 ()
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