![]() Cook 1987 provides an overview of the power-dependence tradition in a book honoring the work of Richard Emerson. Other overviews of exchange theory have addressed specific theoretical traditions, beginning with Willer and Anderson 1981, a comprehensive volume on elementary theory. Taken sequentially, these chapters provide a systematic overview of the evolution of exchange theory. Most recently, Cook and Rice 2006 provides an overview of the theory. When the social psychology volume was updated in 1995, Molm and Cook prepared a chapter examining the state of exchange theory ( Molm and Cook 1995). One of the early overviews includes Emerson 1981 in the seminal volume Social Psychology: Sociological Perspectives. Over the course of five decades of exchange theory theorizing and research, a number of general overview chapters, articles, and books have described the state of the field at that time. While all of these theoretical developments are important, an avenue for future work is to apply the theoretical formulations to settings outside the laboratory thus demonstrating the utility of the exchange theoretic approach. Research has also begun to focus on dynamic networks thus moving beyond conceptualizations and operationalizations of network structures as static. As exchange theory has evolved, greater consideration has been given to affective and behavioral outcomes of exchange including emotions, trust, commitment, and collective behavior. Exchange theory has particularly focused on elaborating our understanding of power, with a particular emphasis on predicting the distribution of power within a network. The result of this extensive theory testing is that exchange theory can address the effects of the structure of exchange networks, the process of exchange, and the outcomes of exchange. Thus, much of the research reviewed in this bibliography has used experimental methodology to engage in theory testing. One of the hallmarks of the exchange traditions is the systematic development and testing of theoretical principles and predictions. ![]() Exchange theory is a term that encompasses several theoretical traditions that focus on exchange relationships and interactions.
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