Universität zu Köln

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:	Creators Email ORCID ORCID Put Code Sutter, Matthias UNSPECIFIED UNSPECIFIED UNSPECIFIED Huber, Juergen UNSPECIFIED orcid.org/0000-0003-0073-0321 UNSPECIFIED Kirchler, Michael UNSPECIFIED UNSPECIFIED UNSPECIFIED Stefan, Matthias UNSPECIFIED UNSPECIFIED UNSPECIFIED Walzl, Markus UNSPECIFIED orcid.org/0000-0003-3732-7755 UNSPECIFIED
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:	Keywords Language COMPETITION; FAIRNESS; WOMEN; RISK; SIDE Multiple languages Economics Multiple languages
URI:	http://kups.ub.uni-koeln.de/id/eprint/34365