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In Search Of Social Capital In Economics

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  • Robison, Lindon J.

Abstract

The economic well-being of economic agents is assumed to be interpersonally dependent and varies according to the strength of relationships, values, and social bonds. The extent of this interpersonal dependency is measured using social capital coefficients in a neoclassical model in which agents with stable preferences maximize utility. The model's predictions are tested empirically by asking agents how their distribution of a scarce resource is altered by relationships.

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File URL: http://purl.umn.edu/11589
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Bibliographic Info

Paper provided by Michigan State University, Department of Agricultural, Food, and Resource Economics in its series Staff Papers with number 11589.

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Date of creation: 1996
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Handle: RePEc:ags:midasp:11589

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Postal: Justin S. Morrill Hall of Agriculture, 446 West Circle Dr., Rm 202, East Lansing, MI 48824-1039
Phone: (517) 355-4563
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Web page: http://www.aec.msu.edu/agecon/
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Keywords: Institutional and Behavioral Economics;

References

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  1. Feldstein, Martin S & Taylor, Amy, 1976. "The Income Tax and Charitable Contributions," Econometrica, Econometric Society, Econometric Society, vol. 44(6), pages 1201-22, November.
  2. Blank, Rebecca M, 1991. "The Effects of Double-Blind versus Single-Blind Reviewing: Experimental Evidence from The American Economic Review," American Economic Review, American Economic Association, vol. 81(5), pages 1041-67, December.
  3. Becker, Gary S, 1976. "Altruism, Egoism, and Genetic Fitness: Economics and Sociobiology," Journal of Economic Literature, American Economic Association, vol. 14(3), pages 817-26, September.
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Cited by:
  1. Robison, Lindon J. & Myers, Robert J. & Siles, Marcelo E., 1999. "Social Capital, The Terms Of Trade, And The Distribution Of Income," Staff Papers, Michigan State University, Department of Agricultural, Food, and Resource Economics 11546, Michigan State University, Department of Agricultural, Food, and Resource Economics.

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