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Public Security vs. Private Self-Protection: Optimal Taxation and the Social Dynamics of Fear AgEcon
Antoci, Angelo; Sacco, Pier Luigi; Sodini, Mauro.
In this paper, we develop a simple model of social dynamics governing the evolution of strategic self-protection choices of boundedly rational potential victims facing the threat of prospective offenders in a large population with random matching. We prove that individual (and socially transmitted) fear of exposure to criminal threats may actually condition choices even in the face of objective evidence of declining crime rates, and thereby cause the eventual selection of Pareto inefficient equilibria with self-protection. We also show that a suitable strategy of provision of public security financed through discriminatory taxation of self-protective expenses may actually overcome this problem, and drive the social dynamics toward the efficient no...
Tipo: Working or Discussion Paper Palavras-chave: Self-Protection; Fear of Crime; Cultural Selection Dynamics; Replicator Dynamics; Institutional and Behavioral Economics; C73; H23; K49.
Ano: 2010 URL: http://purl.umn.edu/60747
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The Solaria Syndrome: Social Capital in a Growing Hyper-technological Economy AgEcon
Antoci, Angelo; Sabatini, Fabio; Sodini, Mauro.
We develop a dynamic model to analyze the sources and the evolution of social participation and social capital in a growing economy characterized by exogenous technical progress. Starting from the assumption that the well-being of agents basically depends on material and relational goods, we show that the best-case scenarios hold when technology and social capital both support just one of the two productions at the expenses of the other. However, trajectories are possible where technology and social interaction balance one another in fostering the growth of both the social and the private sector of the economy. Along such tracks, technology may play a crucial role in supporting a “socially sustainable” economic growth.
Tipo: Working or Discussion Paper Palavras-chave: Technology; Economic Growth; Relational Goods; Social Participation; Social Capital; Research and Development/Tech Change/Emerging Technologies; O33; J22; O41; Z13.
Ano: 2010 URL: http://purl.umn.edu/93415
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The Fragility of Social Capital AgEcon
Antoci, Angelo; Sabatini, Fabio; Sodini, Mauro.
This paper addresses two hot topics of the contemporary debate, social capital and economic growth. Our theoretical analysis sheds light on decisive but so far neglected issues: how does social capital accumulate over time? Which is the relationship between social capital, technical progress and economic growth in the long run? The analysis shows that the economy may be attracted by alternative steady states, depending on the initial social capital endowments and cultural exogenous parameters representing the relevance of social interaction and trust in well-being and production. When material consumption and relational goods are substitutable, the choice to devote more and more time to private activities may lead the economy to a “social poverty trap”,...
Tipo: Working or Discussion Paper Palavras-chave: Economic Growth; Technical Progress; Social Interactions; Social Capital; Research and Development/Tech Change/Emerging Technologies; A13; D03; O43; Z13.
Ano: 2009 URL: http://purl.umn.edu/50401
Registros recuperados: 3
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