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A note on endogenous norms in a theory of conformity

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  • Gillen, Benjamin J.

Abstract

Trendsetters wish to be perceived as the type that defines normative behavior. Incorporating norm formation in Bernheim (1994)’s model yields equilibria with social considerations concentrating behavior, allowing multiple conformist pools. Refinements link each pooling equilibrium to a unique social norm.

Suggested Citation

  • Gillen, Benjamin J., 2015. "A note on endogenous norms in a theory of conformity," Economics Letters, Elsevier, vol. 129(C), pages 57-61.
    • Handle: RePEc:eee:ecolet:v:129:y:2015:i:c:p:57-61
    DOI: 10.1016/j.econlet.2015.01.017
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    References listed on IDEAS

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    Cited by:

    1. Name-Correa, Alvaro J. & Yildirim, Huseyin, 2016. "“Giving” in to social pressure," Games and Economic Behavior, Elsevier, vol. 99(C), pages 99-116.

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    More about this item

    Keywords

    Social preferences; Conformity; Norm formation;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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