| Abstract: | When esteem is costless to supply, does it provide an effectivemeans of enforcing norms for public goods production? I examine thebasic mechanics of an enforcement-through-esteem model. Whileesteem may enforce norms to considerable degree, systematicunderenforcement remains the general result, even in very basicsettings with a minimum of transactions costs. I also examine whyesteem has positive value in equilibrium if it can be producedcostlessly (i.e., why esteem remains scarce), and what collectiveaction problems plague the supply of esteem. |
