Social Capital and the Status Externality
(2020)
Journal Article
Itaya, J., & Tsoukis, C. (2022). Social Capital and the Status Externality. International Journal of Economic Theory, 18(2), https://doi.org/10.1111/ijet.12261
This paper investigates how the presence of social capital affects the externality arising from status-seeking preference as a parable for inefficient antagonistic behavior. It is assumed that the stock of social capital accumulates through the strat... Read More about Social Capital and the Status Externality.