EconPapers    
Economics at your fingertips  
 

Buy Local and Social Interaction

Jason Winfree and Philip Watson ()

American Journal of Agricultural Economics, 2021, vol. 103, issue 4, 1454-1477

Abstract: This paper examines the buy local movement using social interactions. Social interaction arises if some consumers have preferences for local economic output due to altruism toward local producers and/or because of local amenities that benefit the community. This introduces an incentive for some consumers to advocate for localism and convert other consumers to buy locally. However, when there are competing communities, global efforts to buy more local products leads to lower utility from consumption and, under some scenarios, no increases in local production. This paper analyzes the benefits and costs of buying locally under various types of localism and market structures.

Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/ajae.12186

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:ajagec:v:103:y:2021:i:4:p:1454-1477

Access Statistics for this article

More articles in American Journal of Agricultural Economics from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2021-09-25
Handle: RePEc:wly:ajagec:v:103:y:2021:i:4:p:1454-1477