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A general theory of interpersonal exchange

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  • Jon Cauley
  • Todd Sandler

Abstract

A general theory of interpersonal exchange is developed from a public goods, public choice point of view and within an analytical context that assesses both the benefits and the costs of social interaction. Social transaction benefits and costs are specified as a composite function of interpersonal bindingness, which itself depends upon five parameters. The model provides for the determination of an optimal personal degree of bindingness in a two-person relationship. Extensions encompass the more interesting reaction case, where two individuals each select their own optimal personal bindingness levels. Applications and conclusions complete the paper. qu]When love beckons to you, follow him, Though his ways are hard and steep ... For even as love crowns you so shall he crucify you. Even as he is for your growth so is he for your pruning. Kahlil Gibran The Prophet Copyright Martinus Nijhoff Publishers bv 1980

Suggested Citation

  • Jon Cauley & Todd Sandler, 1980. "A general theory of interpersonal exchange," Public Choice, Springer, vol. 35(5), pages 587-606, January.
    • Handle: RePEc:kap:pubcho:v:35:y:1980:i:5:p:587-606
    DOI: 10.1007/BF00140088
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    References listed on IDEAS

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    1. Sandler, Todd M, 1975. "Pareto Optimality, Pure Public Goods, Impure Public Goods and Multiregional Spillovers," Scottish Journal of Political Economy, Scottish Economic Society, vol. 22(1), pages 25-38, February.
    2. Cyert, Richard M & DeGroot, Morris H, 1973. "An Analysis of Cooperation and Learning in a Duopoly Context," American Economic Review, American Economic Association, vol. 63(1), pages 24-37, March.
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    Cited by:

    1. Benedetto Gui, 2013. "Relational goods," Chapters, in: Luigino Bruni & Stefano Zamagni (ed.), Handbook on the Economics of Reciprocity and Social Enterprise, chapter 30, pages 295-305, Edward Elgar Publishing.

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