Celebrations as social investments: festival expenditure, unit price variation and social status in rural India (Record no. 52604)

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fixed length control field 01471pab a2200181 454500
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fixed length control field 180718bOct xxu||||| |||| 00| 0 eng d
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Rao, Vijayendra
245 ## - TITLE STATEMENT
Title Celebrations as social investments: festival expenditure, unit price variation and social status in rural India
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. Oct
300 ## - PHYSICAL DESCRIPTION
Extent p.71-97.
362 ## - DATES OF PUBLICATION AND/OR SEQUENTIAL DESIGNATION
Dates of publication and/or sequential designation 2001
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Summary, etc. Festival expenditures amount to over 15 per cent of a household's annual expenditures in rural India. Yet they have never been studied by economists. This article uses both qualitative and quantitative data from a case study of three South Indian villages to show that festivals are important public goods in the village, but neither a pure entertainment motive nor an altruistic desire to contribute to a public event seems to explain their size. Households which spend money on festivals, everything else held equal, are able, however, to generate tangible rewards - lower prices on food, higher social status and more invitations to meals from other families. This indicates that active participation in festivals generates private economic and social returns which help resolve a potential free-rider problem. The evidence is consistent with the notion that festivals serve as mechanisms by which communities build social networks. - Reproduced.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Social status - India
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Festivals - India
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Festivals
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Main entry heading Journal of Development Studies
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-- 52604
Holdings
Withdrawn status Lost status Damaged status Not for loan Permanent Location Current Location Date acquired Serial Enumeration / chronology Barcode Date last seen Price effective from Koha item type
        Indian Institute of Public Administration Indian Institute of Public Administration 2018-07-19 Volume no: 38, Issue no: 1 AR53034 2018-07-19 2018-07-19 Articles

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