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Relational goods, private consumption and social poverty traps in an evolutionary game

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  • Antoci, Angelo

    (Associazione Italiana per la Cultura della Cooperazione e del Non Profit)

  • Russu, Paolo

    (Associazione Italiana per la Cultura della Cooperazione e del Non Profit)

  • Vanin, Paolo

    (Associazione Italiana per la Cultura della Cooperazione e del Non Profit)

Abstract

We investigate how the patterns of consumption and accumulation, as well as the patterns of time allocation and of social interaction, may be influenced by social pressure, i.e., by the choices of others. We display an evolutionary model involving several generations of interacting individuals,in which different patterns may coexist in equilibrium and in which path dependence and critical mass effects play an important role. Bomze's (1983) classification is used to study the properties of this game. We find that social pressure may lead to low welfare traps' with overwork and overconsumption, and that policy may have a role as a coordination device

Suggested Citation

  • Antoci, Angelo & Russu, Paolo & Vanin, Paolo, 2005. "Relational goods, private consumption and social poverty traps in an evolutionary game," AICCON Working Papers 25-2005, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
  • Handle: RePEc:ris:aiccon:2005_025
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    References listed on IDEAS

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    6. Antoci, Angelo & Bartolini, Stefano, 1999. "Negative externalities as the engine of growth in an evolutionary context," MPRA Paper 13908, University Library of Munich, Germany.
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    More about this item

    Keywords

    Social interaction; Relational goods; Coordination failure;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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