Universität zu Köln

Bolton, Gary E., Mans, Johannes and Ockenfels, Axel ORCID: 0000-0003-1456-0191 (2020). Norm Enforcement in Markets: Group Identity and the Volunteering of Feedback. Economic Journal, 130 (629). pp. 1248-1261. Oxford University Press. ISSN 0013-0133

PDF [2020] Bolton Mans Ockenfels_Norm Enforcement in Markets.pdf - Accepted Version Bereitstellung unter der CC-Lizenz: Creative Commons Attribution Non-commercial No Derivatives. Download (1MB)

Abstract

The provision of trader feedback is critical to the functioning of many markets. We examine the influence of group identity on the volunteering and informativeness of feedback. In a market experiment conducted simultaneously in Germany and the United States, we manipulate the interaction of traders based on natural social and induced home market identities. Traders are more likely to provide feedback information on a trader with whom they share a common group identity, and the effect is more pronounced for social identity than for home market identity. Both kinds of group identity promote rewarding good performance and punishing bad performance.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Bolton, Gary E. UNSPECIFIED UNSPECIFIED UNSPECIFIED Mans, Johannes UNSPECIFIED UNSPECIFIED UNSPECIFIED Ockenfels, Axel UNSPECIFIED orcid.org/0000-0003-1456-0191 UNSPECIFIED
URN:	urn:nbn:de:hbz:38-327177
DOI:	10.1093/ej/uez056
Journal or Publication Title:	Economic Journal
Volume:	130
Number:	629
Page Range:	pp. 1248-1261
Date:	2020
Publisher:	Oxford University Press
ISSN:	0013-0133
Language:	English
Faculty:	Faculty of Management, Economy and Social Sciences
Divisions:	Faculty of Management, Economics and Social Sciences > Economics > Microeconomics, Institutions and markets > Professorship 1 for Economics
Subjects:	Generalities, Science Economics
Uncontrolled Keywords:	Keywords Language ALTRUISTIC PUNISHMENT; RECIPROCITY; MEMBERSHIP; MORALS; TRUST Multiple languages Economics Multiple languages
Funders:	Horizon 2020 ERC-2016-ADG No. 741409
Projects:	Economic Engineering of Cooperation in Modern Markets/ERC-2016-ADG No. 741409
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/32717