Social Norms and Social Assets

Andrew Postlewaite

Annual Review of Economics, 2011, vol. 3, issue 1, 239-259

Abstract: Social norms are often posited as an explanation of differences in the economic behavior and performance of societies that are difficult to explain by differences in endowments and technology. The successful integration of social norms into economic models requires an understanding of the basis of the differences in preferences that lead to different behaviors. I explore the difference between deep and reduced-form preferences and how both can differ across societies.

Keywords: social preferences; interdependent preferences; social behavior; deep preferences; reduced-form preferences (search for similar items in EconPapers)
JEL-codes: D01 D03 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (2)

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