Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/231303
Authors: 
Riehm, Tobias
Fugger, Nicolas
Gillen, Philippe
Gretschko, Vitali
Werner, Peter
Year of Publication: 
2021
Series/Report no.: 
ZEW Discussion Papers No. 21-017
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

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