Where to Look for the Morals in Markets?

Matthias Sutter, Jürgen Huber, Michael Kirchler, Matthias Stefan and Markus Walzl

No 6022, CESifo Working Paper Series from CESifo

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 an externality, and in prices depending on the market structure. We further investigate individual characteristics that explain trading behavior in markets with externalities.

Keywords: morals; markets; competition; experiment (search for similar items in EconPapers)
JEL-codes: C92 D03 D62 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Related works:
Journal Article: Where to look for the morals in markets? (2020)
Working Paper: Where to look for the morals in markets? (2018)
Working Paper: Where to Look for the Morals in Markets? (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_6022

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