Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/231303 
Year of Publication: 
2021
Series/Report no.: 
ZEW Discussion Papers No. 21-017
Publisher: 
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung, Mannheim
Abstract: 
We test the importance of social norms for market interactions associated with negative real-world externalities in a large-scale experiment with a heterogeneous population sample from Germany. The majority of experimental participants refuses to trade, thus behaving in a moral way. Our data suggest the importance of norm conformity for the decision to trade as a significant share of buyers and sellers condition market entry on the decisions of others. Moreover, a majority of observers is willing to incur personal costs to sanction trading. Moral behavior is significantly linked to demographic characteristics and stated preferences and attitudes of the participants.
Subjects: 
Markets
moral behavior
negative externalities
social norms
punishment
large population sample
experiment
JEL: 
D01
D62
D64
C93
Document Type: 
Working Paper

Files in This Item:
File
Size
814.58 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.