Gary Becker and Kevin Murphy present 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.
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Social Economics: Market Behavior in a Social Environment
Gary Becker and Kevin Murphy present 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.
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Social Economics: Market Behavior in a Social Environment
190Social Economics: Market Behavior in a Social Environment
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Product Details
ISBN-13: | 9780674020641 |
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Publisher: | Harvard University Press |
Publication date: | 07/01/2009 |
Sold by: | Barnes & Noble |
Format: | eBook |
Pages: | 190 |
File size: | 913 KB |
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