Reference Group Behaviour and Economic Incentives: A Remark

Ekkehart Schlicht ()

Munich Reprints in Economics from University of Munich, Department of Economics

Abstract: 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."

Keywords: reference group; incentives; conformity; social multiplier; aggregation (search for similar items in EconPapers)
JEL-codes: J3 (search for similar items in EconPapers)
Date: 1981
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Published in Journal of Institutional and Theoretical Economics (Zeitschrift für die gesamte Staatswissenschaft) 137 1(1981): pp. 125-127

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Persistent link: http://EconPapers.repec.org/RePEc:lmu:muenar:4183

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