@article{Robison:11546,
      recid = {11546},
      author = {Robison, Lindon J. and Myers, Robert J. and Siles, Marcelo  E.},
      title = {SOCIAL CAPITAL, THE TERMS OF TRADE, AND THE DISTRIBUTION  OF INCOME},
      address = {1999},
      number = {1099-2016-89430},
      series = {Staff Paper 99-22},
      pages = {30},
      year = {1999},
      abstract = {Social capital, a person or group's sympathy or sense of  obligation for another person or group, assumes  relationships can alter the terms of trade and the  likelihood of trades between individuals.  Other important  economic consequences of social capital result from its  ability to internalize externalities.  This paper  introduces social capital into the neoclassical model to  derive forecasts of how relationships will alter the  minimum-sell prices of farmland and the likelihood of  trades between persons with different relationships.  Also  deduced in this paper is the effect of social capital on  the level and dispersion of benefits from trade.  Empirical  evidence from a 1,500 farmland owner-operator survey is  analyzed and provides support for the social capital  paradigm.},
      url = {http://ageconsearch.umn.edu/record/11546},
      doi = {https://doi.org/10.22004/ag.econ.11546},
}