Publication
Nov 2014
This paper proposes a model where social preferences are examined in a game theoretic framework which explicitly separates economic incentives from the social context. According to the authors, this framework exemplifies both theoretically and empirically how contextual variables such as social norms can entail economic inefficiency. The empirical results show that women are more responsive to such contextual effects and that social agreements indeed hamper economic efficiency.
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English (PDF, 10 pages, 307 KB) |
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Author | Andres Bergh, Philipp Wichardt |
Series | Kiel Institute Working Papers |
Issue | 1971 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2014 Kiel Institute for the World Economy |