Social capital is a person or group's sympathy for or sense of obligation to another person or group. This article introduces social capital into a neoclassical model of farmland exchange and shows how relationships alter the terms of trade. Empirical evidence from a survey of farmers shows that...

Social capital is a person or group's sympathy or sense of obligation for another person or group. The objects of sympathetic feelings have social capital. Those holding sympathetic feelings for others provide social capital. Because social capital providers internalize the consequences of their...

This study measures the relative importance of selfishness and social capital motives using resource allocation data collected in hypothetical surveys and non-hypothetical experiments. Social capital motives allow an agent's well-being to be influenced by his sympathetic relationships with...