Entrepreneurs of emotions: evidence from street vending in India
Ronak Jain
No 451, ECON - Working Papers from Department of Economics - University of Zurich
Abstract:
Street vending is an important source of self-employment for the urban poor. I combine observational, survey, and experimental data from Delhi to study this market. Partnering with vendors to randomize prices and passersby they solicit, I find that even with identical goods, child vendors are 97% more likely to make a sale and earn 2x more than adult vendors. Despite no differences in valuations, couples and women are 90% and 28% more likely to buy than men and they are targeted more often and quoted higher prices. I show that sellers strategically leverage insights about social preferences to influence buyer decision-making.
Keywords: Social preferences; child labor; price discrimination; consumer behavior (search for similar items in EconPapers)
JEL-codes: C93 D91 J46 L10 O17 (search for similar items in EconPapers)
Date: 2024-09
New Economics Papers: this item is included in nep-exp, nep-ipr and nep-lma
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Persistent link: https://EconPapers.repec.org/RePEc:zur:econwp:451
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