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Social Economics : Market Behavior in a Social Environment - 00 edition

Social Economics : Market Behavior in a Social Environment (ISBN10: 067401121X; ISBN13: 9780674011212)
ISBN13: 978-0674011212
ISBN10: 067401121X

This edition has also been released as:
ISBN13: 978-0674003378
ISBN10: 0674003373

Summary: Gary Becker and Kevin Murphy present a testable, analytic framework for measuring how people make choices by including the social environment along with standard goods and services in their utility functions. These extended utility functions provide a way of analyzing how changes in the social environment affect people's choices and behaviors. More important, they also provide a way of analyzing how the social environment itself is determined by the interactions of i
ndividuals.
...show more
Summary: Gary Becker and Kevin Murphy present a testable, analytic framework for measuring how people make choices by including the social environment along with standard goods and services in their utility functions. These extended utility functions provide a way of analyzing how changes in the social environment affect people's choices and behaviors. More important, they also provide a way of analyzing how the social environment itself is determined by the interactions of individuals. ...show less

Edition/Copyright: 00
Cover: Paperback
Publisher: Belknap Press
Published: 03/01/2003
International: No



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