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Rituals: An economic interpretation

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  • Coyne, Christopher J.
  • Mathers, Rachel L.

Abstract

This paper provides a rational choice analysis of rituals, defined as predictable and regular observances of acts or procedures, which have a symbolic element resulting in the inculcation or reinforcement of shared values and beliefs. The purpose is threefold. First, to make clear why rituals matter for economic and social outcomes. Second, to engage in interdisciplinary exchange by demonstrating how economics can be blended with insights from other social sciences. Third, to gain insight into why rituals exist and persist, as well as the process through which rituals change.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 78 (2011)
Issue (Month): 1-2 (April)
Pages: 74-84

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Handle: RePEc:eee:jeborg:v:78:y:2011:i:1-2:p:74-84

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Web page: http://www.elsevier.com/locate/jebo

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Keywords: Capabilities Development Identity Rituals;

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Cited by:
  1. Birendra Rai & Kunal Sengupta, 2012. "Pre-marital Confinement of Women: A Signaling and Matching Approach," Development Research Unit Working Paper Series 32-12, Monash University, Department of Economics.

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