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Morals in multi-unit markets| old_uid | 20119 |
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| title | Morals in multi-unit markets |
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| start_date | 2022/03/04 |
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| schedule | 15h30-18h |
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| online | no |
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| summary | We examine how the erosion of norms and norm compliance in markets depends on the market power of individual traders. Previously studied single-unit markets provide market power to individual traders by de-activating the roles of two forces: (i) the replacement logic, whereby immoral trading is justified by the belief that others would trade otherwise; (ii) market selection, by which the least moral trader determines quantities. In an experiment, we compare single-unit to (more common) multi-unit markets which may activate these forces. We find that multi-unit markets result in partial norm erosion; Moreover, in contrast to single-unit markets, they lead to a full erosion of norm compliance. The replacement logic is the main mechanism driving this finding. |
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| oncancel | Nouveau - |
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| responsibles | Palminteri |
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