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Social Economics : Market Behavior in a Social Environment

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

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

ISBN13: 9780674011212

ISBN10: 067401121X

Social Economics : Market Behavior in a Social Environment by Gary S. Becker and Kevin M. Murphy - ISBN 9780674011212
Edition: 00
Copyright: 2000
Publisher: Belknap Press
Published: 2000
International: No
Social Economics : Market Behavior in a Social Environment by Gary S. Becker and Kevin M. Murphy - ISBN 9780674011212

ISBN13: 9780674011212

ISBN10: 067401121X

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.

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