The Demand for Social Approval and Status as a Motivation to Give
AbstractThe aim of this paper is to explain gift giving as due to a demand for social approval and status. In a simple framework we are able to account for a number of stylized facts. These are that gift giving is often reciprocal, that gifts tend to be inadequate, and that gift giving is sometimes reduced after a monetary compensation is offered. The implication for the interaction between gift giving and the market institution is that implementing price incentives in a nonmarket environment can be welfare-decreasing.
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Bibliographic InfoArticle provided by Mohr Siebeck, Tübingen in its journal Journal of Institutional and Theoretical Economics.
Volume (Year): 158 (2002)
Issue (Month): 3 (September)
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Find related papers by JEL classification:
- A10 - General Economics and Teaching - - General Economics - - - General
- A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
- D10 - Microeconomics - - Household Behavior - - - General
- D60 - Microeconomics - - Welfare Economics - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kranich Laurence, 1994. "Gift Equilibria and Pareto Optimality Reconsidered," Journal of Economic Theory, Elsevier, vol. 64(1), pages 298-300, October.
- Gerlinde Fellner & Gabriele K. Lünser, 2008. "Cooperation in local and global groups," Department of Economics Working Papers wuwp122, Vienna University of Economics, Department of Economics.
- Dipankar Purkayastha, 2004. "A theory of reciprocal gifts," Atlantic Economic Journal, International Atlantic Economic Society, vol. 32(4), pages 312-319, December.
- Platteau, Jean-Philippe & Sekeris, Petros G., 2010.
"On the feasibility of power and status ranking in traditional setups,"
Journal of Comparative Economics,
Elsevier, vol. 38(3), pages 267-282, September.
- Petros Sekeris & Jean-Philippe Platteau, 2010. "On the Feasibility of Power and Status Ranking in Traditional Setups," Post-Print halshs-00122421, HAL.
- Principe, Kristine E. & Eisenhauer, Joseph G., 2009. "Gift-giving and deadweight loss," The Journal of Socio-Economics, Elsevier, vol. 38(2), pages 215-220, March.
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