Systems of social exchange
- 1 July 1972
- journal article
- research article
- Published by Taylor & Francis in The Journal of Mathematical Sociology
- Vol. 2 (2) , 145-163
- https://doi.org/10.1080/0022250x.1972.9989811
Abstract
This paper develops a formal model for exchange within a system of action. The system of action is defined by actors, events, control of actors over events, and interests of actors in the outcomes of events. The system is designed to deal with divisible events (best exemplified by private goods) or indivisible events (such as a bill on which a vote is taken), and events with or without externalities. This paper considers mostly divisible events, but some steps are taken toward analysis of indivisible events on which there are opposing interests.Keywords
This publication has 1 reference indexed in Scilit:
- Collective Decisions*Sociological Inquiry, 1964