Where to look for the morals in markets?

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

Working Papers from Faculty of Economics and Statistics, Universität Innsbruck

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)
Pages: 57 pages
Date: 2018-10
New Economics Papers: this item is included in nep-exp, nep-hpe and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www2.uibk.ac.at/downloads/c4041030/wpaper/2018-18.pdf (application/pdf)

Related works:
Journal Article: Where to look for the morals in markets? (2020)
Working Paper: Where to Look for the Morals in Markets? (2016)
Working Paper: Where to Look for the Morals in Markets? (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:inn:wpaper:2018-18

Access Statistics for this paper

More papers in Working Papers from Faculty of Economics and Statistics, Universität Innsbruck Contact information at EDIRC.
Bibliographic data for series maintained by Judith Courian ( this e-mail address is bad, please contact ).