Goebel, Markus; Schneider, Andrea; Thomas, Tobias - Fächergruppe Volkswirtschaftslehre, Helmut Schmidt … - 2007
The (socio-)psychological concepts of individual aspiration for con- formity and consistency are integrated into the rational-choice frame- work. By using this integrative approach it is shown that after a shock the aspiration for conformity results in an equilibrium which deviates from the homo...