Fershtman, Chaim (contributor); Hvide, Hans K. (contributor) - 2003 - [Elektronische Ressource]
status concerns, has strong implications for welfare
and economic performance
The willingness of workers to exert effort …-
nored by economists, because of their impact on economic performance. Indeed, there
is a growing interest among economists … performance.
18
However,
many societies are also characterized by cultural diversity that reflects the heterogenous
preferences of …