Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/207066
Authors: 
Sutter, Matthias
Huber, Jürgen
Kirchler, Michael
Stefan, Matthias
Walzl, Markus
Year of Publication: 
2018
Series/Report no.: 
Working Papers in Economics and Statistics No. 2018-18
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.
Subjects: 
Morals
Markets
Competition
Experiment
JEL: 
C92
D03
D62
Document Type: 
Working Paper

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