Reference Group Behaviour and Economic Incentives: A Remark
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vor 43 Jahren
People tend, in many ways, to behave like the others they see
around them. This note´shows that such reference group behavior
tends to reinforce incentives (economic or other) that influence
individuals directly only marginally. The workings or such
incentives is augmented what might be called a "social multiplier."
around them. This note´shows that such reference group behavior
tends to reinforce incentives (economic or other) that influence
individuals directly only marginally. The workings or such
incentives is augmented what might be called a "social multiplier."
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