HOMETOWN-SPECIFIC BARGAINING POWER IN AN EXPERIMENTAL MARKET IN CHINA

Xiangdong Qin (), Junyi Shen, Ken-Ichi Shimomura and Takehiko Yamato ()
Additional contact information
Xiangdong Qin: Antai College of Economics and Management, Shanghai Jiao Tong University, 1954 Huashan Rd, Shanghai, 200030, P. R. China
Takehiko Yamato: ��Department of Industrial Engineering and Economics, School of Engineering, Tokyo Institute of Technology, 2-12-1 Ookayama, Meguro-ku, Tokyo 152-8552, Japan

The Singapore Economic Review (SER), 2022, vol. 67, issue 04, 1225-1252

Abstract: We conducted a market experiment in China to examine potential effects of subjects’ hometowns on their behaviors as well as potential differences between team and individual trades. We observed that group size affected bargaining power and subsequently payoffs in different directions according to where the subjects were from. In particular, teamwork strengthened the bargaining power of the subjects from coastal areas but weakened that of the subjects from inland areas when commodity exchanges were conducted between subjects from different areas. This finding suggests that it is important to take one’s hometown into account when comparing economic behavior or decision-making between teams and individuals, especially in the countries or regions where hometown diversity plays a central role in explaining differences in business management and local market performance.

Keywords: Hometown; market experiment; team trade; individual trade; China (search for similar items in EconPapers)
JEL-codes: C91 C92 D51 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0217590818500030
Access to full text is restricted to subscribers

Related works:
Working Paper: Hometown-specific Bargaining Power in an Experimental Market in China (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:serxxx:v:67:y:2022:i:04:n:s0217590818500030

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0217590818500030

Access Statistics for this article

The Singapore Economic Review (SER) is currently edited by Euston Quah

More articles in The Singapore Economic Review (SER) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().