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The economics of solidarity: A conceptual framework

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  • Kritikos, Alexander S.
  • Bolle, Friedel
  • Tan, Jonathan H.W.

Abstract

For many people "solidarity" has become a meaningless word used in slogans - too often used without leading to any economic consequences. We show in this paper conditions under which solidarity can be a powerful instrument. In a solidary action, an individual in a group contributes to a series of actions that aims for a reallocation of scarce resources. The willingness to contribute is mainly influenced by the efficiency of the objective of the solidary action, and is enhanced by feelings of mutual exchange (solidarity) within a group. --

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).

Volume (Year): 36 (2007)
Issue (Month): 1 (February)
Pages: 73-89

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Handle: RePEc:eee:soceco:v:36:y:2007:i:1:p:73-89

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Web page: http://www.elsevier.com/locate/inca/620175

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  8. Selten, Reinhard & Ockenfels, Axel, 1998. "An experimental solidarity game," Journal of Economic Behavior & Organization, Elsevier, vol. 34(4), pages 517-539, March.
  9. Jonathan Morduch, 1999. "The Microfinance Promise," Journal of Economic Literature, American Economic Association, vol. 37(4), pages 1569-1614, December.
  10. Jonathan Tan & Friedel Bolle, 2006. "On the Relative Strengths of Altruism and Fairness," Theory and Decision, Springer, vol. 60(1), pages 35-67, 02.
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