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SOCIAL CAPITAL: SYMPATHY, SOCIO-EMOTIONAL GOODS, AND INSTITUTIONS AgEcon
Robison, Lindon J.; Siles, Marcelo E..
This paper summarizes the current state of the social capital paradigm from the viewpoint of the authors. The paper presents and defends a social capital definition based on sympathetic relationships. The paper also summarizes an expanded set of rational preferences that depend on social capital. Then, the paper describes the origin of social capital and its economic consequences, and introduces the concept of socio-emotional goods. Socio-emotional goods may attach themselves to physical goods and services. When this happens, physical goods and services are exchanged on terms different than those values established in an arm's-length market or in exchanges between strangers. It is possible to invest in social capital and this paper reviews several...
Tipo: Working or Discussion Paper Palavras-chave: Earned kernels; Inherited kernels; Institutions and networks; Social capital; Socio-emotional goods; Institutional and Behavioral Economics.
Ano: 2000 URL: http://purl.umn.edu/11819
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