Social Norms and Preferences
AbstractSocial norms are often posited as an explanation of differences in economic behavior and performance of societies that are difficult to explain by differences in endowments and technology. Economists are often reluctant to incorporate social aspects into their analyses when doing so leads to models that depart from the “standard” model. I discuss ways that agents’ social environment can be accommodated in standard models and the advantages and disadvantages of doing so.
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Bibliographic InfoPaper provided by Penn Institute for Economic Research, Department of Economics, University of Pennsylvania in its series PIER Working Paper Archive with number 10-019.
Length: 48 pages
Date of creation: 01 May 2010
Date of revision:
Social norms; social preferences;
Find related papers by JEL classification:
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
- D03 - Microeconomics - - General - - - Behavioral Microeconomics; Underlying Principles
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-06-04 (All new papers)
- NEP-EVO-2010-06-04 (Evolutionary Economics)
- NEP-HPE-2010-06-04 (History & Philosophy of Economics)
- NEP-SOC-2010-06-04 (Social Norms & Social Capital)
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