Opposition to markets: Experimental evidence

Karen E. Hauge, Snorre Kverndokk and Andreas Lange

Journal of Economic Behavior & Organization, 2024, vol. 227, issue C

Abstract: We experimentally investigate reasons for opposing market institutions. The experiment shows that opposition to implementing market institutions varies by background characteristics and shows that distributional concerns are a reason for opposing trade institutions. We find no evidence that the opposition to trade is due to risk preferences or paternalistic motives. A main driver of the opposition to trade is the information about background conditions: veils of uncertainty increase the support for the trade institution.

Keywords: Markets; Opposition; Fairness; Distribution; Risk exposure; Experiment (search for similar items in EconPapers)
JEL-codes: C90 D63 I14 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:227:y:2024:i:c:s0167268124003573

DOI: 10.1016/j.jebo.2024.106743

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