Relational goods, private consumption and social poverty traps in an evolutionary game
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
|Date of creation:||13 Dec 2005|
|Date of revision:|
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- Russell Cooper & Andrew John, 1988. "Coordinating Coordination Failures in Keynesian Models," The Quarterly Journal of Economics, Oxford University Press, vol. 103(3), pages 441-463.
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- Antoci, Angelo & Sacco, Pier Luigi & Vanin, Paolo, 2004.
"Social capital accumulation and the evolution of social partecipation,"
AICCON Working Papers
5-2004, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
- Antoci, Angelo & Sacco, Pier Luigi & Vanin, Paolo, 2007. "Social capital accumulation and the evolution of social participation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(1), pages 128-143, February.
- Alberto Alesina & Eliana La Ferrara, .
"Participation in Heterogeneous Communities,"
151, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Alberto Alesina & Eliana La Ferrara, 2000. "Participation in Heterogeneous Communities," The Quarterly Journal of Economics, Oxford University Press, vol. 115(3), pages 847-904.
- Schiff, Maurice, 2002. "Love thy neighbor: trade, migration, and social capital," European Journal of Political Economy, Elsevier, vol. 18(1), pages 87-107, March.
- Dora L. Costa & Matthew E. Kahn, 2001. "Understanding the Decline in Social Capital, 1952-1998," NBER Working Papers 8295, National Bureau of Economic Research, Inc.
- La Ferrara, Eliana & Alesina, Alberto, 2000. "Participation in Heterogeneous Communities," Scholarly Articles 4551796, Harvard University Department of Economics.
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