Group Identity and Discrimination in Small Markets: Asymmetry of In-Group Favors
Gerhard Riener and
Alexander Schacht ()
Additional contact information
Alexander Schacht: Graduate College "The Economics of Innovative Change", Friedrich Schiller University, Jena
No 2011-043, Jena Economics Research Papers from Friedrich-Schiller-University Jena
We experimentally study the inuence of induced group identity on the determination of prices and beliefs in a small market game. We create group identity through a focal point coordination game. Subjects play a three-person bargaining game where one seller can sell an indivisible good to one of two competing buyers under four different treatments varying the buyer-seller constellation. We find evidence of in group favoritism on the buyer side. However we do not detect a lower ask prices for in-group sellers for in-group buyers, indicating that in-group favoritism is in favor of the more powerful market participant.
Keywords: Group identity; Experiments; Markets; Bargaining (search for similar items in EconPapers)
JEL-codes: C91 D45 L13 L14 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-exp and nep-gth
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2011-043
Access Statistics for this paper
More papers in Jena Economics Research Papers from Friedrich-Schiller-University Jena
Bibliographic data for series maintained by Markus Pasche ().