Reference Group Behaviour and Economic Incentives

Schlicht, Ekkehart (1981): Reference Group Behaviour and Economic Incentives. In: Journal of Institutional and Theoretical Economics, Vol. 137, No. 1 and: 125ff.-733ff

Abstract

These notes, published in 1981, introduce the concept of the social multiplier: If the behavior of agents is positively influenced by what members of their reference group do, this enhances the power of economic incentives.

• Item Type: Journal article
• Keywords: social multiplier, reference group behavior, incentives, imitation, conformity
• Faculties: Economics > Chairs > Chair of Institutional Economics (closed); Economics
• Subjects: 300 Social sciences > 300 Social sciences, sociology and anthropology; 300 Social sciences > 330 Economics
• JEL Classification: D01, J30, Z13

References

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