; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Class Systems and the Enforcement of Social Norms"; ; "batchuser@example.com"; "Postlewaite, A.", "Mailath, George Joseph", "Cole, Harold Linh, 1957-"; "Federal Reserve Bank of Minneapolis"; "Growth", "Social norms", "Social competition", "Class", "Efficiency"; "C73 - Stochastic and Dynamic Games; Evolutionary Games; Repeated Games", "D90 - Micro-Based Behavioral Economics: General", "B40 - Economic Methodology: General", "D31 - Personal Income, Wealth, and Their Distributions", "A10 - General Economics: General"; "We analyze a model in which there is socially inefficient competition among people. In this model, self-enforcing social norms can potentially control the inefficient competition. However, the inefficient behavior often cannot be suppressed in equilibrium among those with the lowest income due to the ineffectiveness of sanctions against those in the society with the least to lose. We demonstrate that in such cases, it may be possible for society to be divided into distinct classes, with inefficient behavior suppressed in the upper classes but not in the lower."^^; "1996-07"; "2019-08-21T03:01:38.066957602+00:00"^^; "https://doi.org/10.21034/sr.213"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Thu Nov 7 22:07:17 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "145", "481", "622"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "213"; "Efficiency", "Growth", "Social norms", "Class", "Social competition"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _Journal of Public Economics_ (Vol. 70, No. 1, October 1998, pp. 5-35) https://doi.org/10.1016/S0047-2727(98)00058-9. "^^; ; "Publication" . ; .