Reference Group Behaviour and Economic Incentives: A Remark
People tend, in many ways, to behave like the others they see around them. This note´shows that such reference group behavior tends to reinforce incentives (economic or other) that influence individuals directly only marginally. The workings or such incentives is augmented what might be called a "social multiplier."
|Date of creation:||1981|
|Publication status:||Published in Journal of Institutional and Theoretical Economics (Zeitschrift für die gesamte Staatswissenschaft) 137 1(1981): pp. 125-127|
|Contact details of provider:|| Postal: Ludwigstr. 28, 80539 Munich, Germany|
Web page: http://www.vwl.uni-muenchen.de
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