Social Norms and Social Assets
Social norms are often posited as an explanation of differences in the economic behavior and performance of societies that are difficult to explain by differences in endowments and technology. The successful integration of social norms into economic models requires an understanding of the basis of the differences in preferences that lead to different behaviors. I explore the difference between deep and reduced-form preferences and how both can differ across societies.
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Volume (Year): 3 (2011)
Issue (Month): 1 (09)
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