Where to look for the morals in markets?

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...

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Detalles Bibliográficos
Autores principales: Sutter, Matthias, Huber, Jürgen, Kirchler, Michael, Stefan, Matthias, Walzl, Markus
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2019
Materias:
Original Paper
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6991999/
https://www.ncbi.nlm.nih.gov/pubmed/32055232
http://dx.doi.org/10.1007/s10683-019-09608-z
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author Sutter, Matthias
Huber, Jürgen
Kirchler, Michael
Stefan, Matthias
Walzl, Markus
author_facet Sutter, Matthias
Huber, Jürgen
Kirchler, Michael
Stefan, Matthias
Walzl, Markus
author_sort Sutter, Matthias
collection PubMed
description 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.
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spelling pubmed-69919992020-02-11 Where to look for the morals in markets? Sutter, Matthias Huber, Jürgen Kirchler, Michael Stefan, Matthias Walzl, Markus Exp Econ Original Paper 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. Springer US 2019-03-19 2020 /pmc/articles/PMC6991999/ /pubmed/32055232 http://dx.doi.org/10.1007/s10683-019-09608-z Text en © The Author(s) 2019 Open AccessThis article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
spellingShingle Original Paper
Sutter, Matthias
Huber, Jürgen
Kirchler, Michael
Stefan, Matthias
Walzl, Markus
Where to look for the morals in markets?
title Where to look for the morals in markets?
title_full Where to look for the morals in markets?
title_fullStr Where to look for the morals in markets?
title_full_unstemmed Where to look for the morals in markets?
title_short Where to look for the morals in markets?
title_sort where to look for the morals in markets?
topic Original Paper
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6991999/
https://www.ncbi.nlm.nih.gov/pubmed/32055232
http://dx.doi.org/10.1007/s10683-019-09608-z
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