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: | Bulte, E. (Author), Wang, R. (Author), Zhang, X. (Author) |
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Format: | Article |
Language: | English |
Published: |
Elsevier B.V.
2018
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Subjects: | |
Online Access: | View Fulltext in Publisher |
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