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We develop a parsimonious general equilibrium model where agents allocate time across three activities: production, trade, and leisure. Leisure includes time spent socializing, which economizes transaction costs. Our framework yields multiple equilibria in terms of the number of social ties and...
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guanxi in China, which results into their re-conceptualization as Ego-centric networking and relational collectivism, based …China is the odd man out in the research on social capital and economic performance. A brief survey of recent World … Values Survey data depicts China to be a high-trust, achievement oriented society, which does not fit into popular pictures …
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Ministry of Transport and Communication has blocked the completion of the China-financed Kicevo-Ohrid highway amid allegations …
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guanxi in China, which results into their re-conceptualization as Ego-centric networking and relational collectivism, based … ; China ; guanxi ; collectivism and individualism ; culture and emotions …China is the odd man out in the research on social capital and economic performance. A brief survey of recent World …
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