Forced gifts: The burden of being a friend
In many developing countries, gift expenses escalate with income growth and account for a substantial share of household expenditure. We develop a theoretical model to demonstrate how (unequal) income growth may trigger “gift competition” and drive up the financial burden associated with gift exchan...
Main Authors: | , , |
---|---|
Format: | Article |
Language: | English |
Published: |
Elsevier B.V.
2018
|
Subjects: | |
Online Access: | View Fulltext in Publisher |