The Dynamics of Social Capital
We build a model of social capital in networks based on repeated interactions. The strength of a relationship in part derives from the value of transactions it enables in the future. We show that shocks can be amplified through a network multiplier, because trust withdrawal that constrains exchange locally can lead to further trust withdrawals that ripple through the network. New technologies that limit social interaction, such as the television, can substantially reduce trust and social capital through this mechanism.
Year of publication: |
2009
|
---|---|
Authors: | Szeidl, Adam ; Mobius, Markus |
Institutions: | Society for Economic Dynamics - SED |
Saved in:
Saved in favorites
Similar items by person
-
Repeated Interactions and the Social Network Multiplier
Szeidl, Adam, (2010)
-
Treasure Hunt: A Field Experiment on Social Learning
Phan, Tuan, (2010)
-
Social Learning and Consumer Demand
Rosenblat, Tanya, (2007)
- More ...