Reference Group Behaviour and Economic Incentives: A Remark

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."

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Year of publication:	1981
Authors:	Schlicht, Ekkehart
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	reference group \| incentives \| conformity \| social multiplier \| aggregation

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Extent:	application/pdf
Series:	Munich Reprints in Economics.
Type of publication:	Book / Working Paper
Language:	German
Notes:	Published in Journal of Institutional and Theoretical Economics (Zeitschrift für die gesamte Staatswissenschaft) 137 1(1981): pp. 125-127
Classification:	J3 - Wages, Compensation, and Labor Costs
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008515846