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Social Norms and Social Assets

Author

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  • Andrew Postlewaite

    (Department of Economics, University of Pennsylvania, Philadelphia,Pennsylvania 19104)

Abstract

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.

Suggested Citation

  • Andrew Postlewaite, 2011. "Social Norms and Social Assets," Annual Review of Economics, Annual Reviews, vol. 3(1), pages 239-259, September.
    • Handle: RePEc:anr:reveco:v:3:y:2011:p:239-259
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-economics-061109-080158
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    Citations

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    Cited by:

    1. Tang, Johnny Jiahao, 2020. "Individual heterogeneity and cultural attitudes in credence goods provision," European Economic Review, Elsevier, vol. 126(C).
    2. Galanis, Spyros & Vlassopoulos, Michael, 2014. "Concern for relative standing and deception," Discussion Paper Series In Economics And Econometrics 1403, Economics Division, School of Social Sciences, University of Southampton.

    More about this item

    Keywords

    social preferences; interdependent preferences; social behavior; deep preferences; reduced-form preferences;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles

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