Social Economics: Market Behavior in a Social Environment / Edition 1

Social Economics: Market Behavior in a Social Environment / Edition 1

by Gary S. Becker, Kevin M. Murphy
     
 

Gary Becker and Kevin Murphy provide a testable, analytic framework for measuring how people make choices by including the social environment along with standard goods and services in their utility functions. These extended utility functions provide a way of analyzing how changes in the social environment affect people's choices and behaviors. More important, they… See more details below

Overview

Gary Becker and Kevin Murphy provide a testable, analytic framework for measuring how people make choices by including the social environment along with standard goods and services in their utility functions. These extended utility functions provide a way of analyzing how changes in the social environment affect people's choices and behaviors. More important, they also provide a way of analyzing how the social environment itself is determined by the interactions of individuals.

Product Details

ISBN-13:
9780674011212
Publisher:
Harvard University Press
Publication date:
03/01/2003
Series:
Belknap Series
Edition description:
New Edition
Pages:
190
Sales rank:
922,739
Product dimensions:
5.80(w) x 8.80(h) x 0.60(d)

Table of Contents

Acknowledgments

Part I The Effect of Social Capital on Market Behavior

1. The Importance of Social Interactions

2. Social Forces, Preferences, and Complementarity

3. Are Choices "Rational" When Social Capital Is Important?

Part II The Formation of Social Capital

4. Sorting by Marriage

5. Segregation and Integration in Neighborhoods

6. The Social Market for the Great Masters and Other Collectibles
with William Landes

7. Social Markets and the Escalation of Quality: The World of Veblen Revisited
with Edward Glaeser

8. Status and Inequality
with Iván Werning

Part III Fads, Fashions, and Norms

9. Fads and Fashion

10. The Formation of Norms and Values

References

Author Index

Subject Index

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