Fairness in Markets and Market Experiments

Titre Fairness in Markets and Market Experiments
Titre traduit Équité des marchés et expériences de marchés
Lien hypertexte Site de rationality-and-competition.de
Titre du périodique Rationality & Competition, Paper Discussion
Date 2018/01
Pagination ou Durée d'écoute 42 p.
Notes Humboldt-Universität zu Berlin (Deutschland), Ludwig-Maximilians-Universität München - Discussion Paper
Résumé Abstract : "Whether pro-social preferences identified in economic laboratories survive in natural market contexts is an important and contested issue. We investigate how fairness in a laboratory experiment framed explicitly as a market exchange relates to preferences for fair trade products before and after the market experiment. We find that the willingness to buy at a higher price when higher wages are paid to the worker correlates both with the choice for a fairtrade product before the laboratory experiment and with whether the participants are willing to pay a positive fair trade premium, elicited at the end of the experiment. These results support the notion that fairness preferences as assessed in laboratory experiments capture preferences for fair behavior in comparable situations outside the laboratory."

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