Where to look for the morals in markets?

Matthias Sutter, Jürgen Huber, Michael Kirchler, Matthias Stefan and Markus Walzl
Additional contact information
Jürgen Huber: University of Innsbruck
Michael Kirchler: University of Innsbruck
Matthias Stefan: University of Innsbruck

Experimental Economics, 2020, vol. 23, issue 1, No 2, 30-52

Abstract: Abstract There is a heated debate on whether markets erode social responsibility and moral behavior. However, it is a challenging task to identify and measure moral behavior in markets. Based on a theoretical model, we examine in an experiment the relation between trading volume, prices and moral behavior by setting up markets that either impose a negative externality on third parties or not. We find that moral behavior reveals itself in lower trading volume in markets with a negative externality, while prices mostly depend on the market structure. We further investigate individual characteristics that explain trading behavior in markets with negative externalities.

Keywords: Morals; Markets; Competition; Experiment (search for similar items in EconPapers)
JEL-codes: C92 D03 D62 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (33)

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Related works:
Working Paper: Where to look for the morals in markets? (2018)
Working Paper: Where to Look for the Morals in Markets? (2016)
Working Paper: Where to Look for the Morals in Markets? (2016)
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DOI: 10.1007/s10683-019-09608-z

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