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Social Capital and Economic Cooperation

Published online by Cambridge University Press:  28 April 2015

Lindon J. Robison  and
Steven D. Hanson
Lindon J. Robison
Affiliation:
Department of Agricultural Economics, Michigan State University, East Lansing, Michigan 48824
Steven D. Hanson
Affiliation:
Department of Agricultural Economics, Michigan State University, East Lansing, Michigan 48824
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Abstract

The socioeconomic movement is an effort to better explain human behavior by combining insights of economists and sociologists. This paper contributes to the socioeconomic literature by including the influence of relationships, values, and social bonds in the neoclassical economic model by introducing social capital coefficients. The usefulness of the resulting social capital model is demonstrated theoretically in a two-firm cooperative model and tested empirically using data from a survey of students who allocate their time between individual and joint projects.

Keywords

social capitalsocial capital coefficientstotal revenue-equity frontier
Type
Invited Papers and Discussions
Information
Journal of Agricultural and Applied Economics , Volume 27 , Issue 1 , July 1995 , pp. 43 - 58
Copyright
Copyright © Southern Agricultural Economics Association 1995

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