Burke, Mary A. (contributor); Prasad, Kislaya (contributor) - 2005 - This version: December 2005 (first version: November 2002)
We develop a model of contracting in which individual effort choices are subject to social pressure to conform to the average effort level of others in the same risk-sharing group. As in related models of social interactions, a change in exogenous variables or contract terms generates a social...
