Sutter, Matthias, Huber, Juergen ORCID: 0000-0003-0073-0321, Kirchler, Michael, Stefan, Matthias and Walzl, Markus ORCID: 0000-0003-3732-7755 (2020). Where to look for the morals in markets? Exp. Econ., 23 (1). S. 30 - 53. DORDRECHT: SPRINGER. ISSN 1573-6938

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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.

Item Type: Journal Article
Creators:
CreatorsEmailORCIDORCID Put Code
Sutter, MatthiasUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
Huber, JuergenUNSPECIFIEDorcid.org/0000-0003-0073-0321UNSPECIFIED
Kirchler, MichaelUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
Stefan, MatthiasUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
Walzl, MarkusUNSPECIFIEDorcid.org/0000-0003-3732-7755UNSPECIFIED
URN: urn:nbn:de:hbz:38-343652
DOI: 10.1007/s10683-019-09608-z
Journal or Publication Title: Exp. Econ.
Volume: 23
Number: 1
Page Range: S. 30 - 53
Date: 2020
Publisher: SPRINGER
Place of Publication: DORDRECHT
ISSN: 1573-6938
Language: English
Faculty: Unspecified
Divisions: Unspecified
Subjects: no entry
Uncontrolled Keywords:
KeywordsLanguage
COMPETITION; FAIRNESS; WOMEN; RISK; SIDEMultiple languages
EconomicsMultiple languages
URI: http://kups.ub.uni-koeln.de/id/eprint/34365

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