A note on endogenous norms in a theory of conformity

Trendsetters wish to be perceived as the type that defines normative behavior. Incorporating norm formation in Bernheim (1994)’s model yields equilibria with social considerations concentrating behavior, allowing multiple conformist pools. Refinements link each pooling equilibrium to a unique social norm.

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Year of publication:	2015
Authors:	Gillen, Benjamin J.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 129.2015, C, p. 57-61
Publisher:	Elsevier
Subject:	Social preferences \| Conformity \| Norm formation

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Type of publication:	Article
Classification:	C7 - Game Theory and Bargaining Theory ; D7 - Analysis of Collective Decision-Making ; D8 - Information and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011263424