morals. Especially the replacement logic drives this finding. …, 2020). These markets provide market power to individual traders, which limits the roles of two forces; (i) replacement … logic, whereby immoral trading is justified by the belief that others would trade otherwise; (ii) market selection, by which …

morals. Especially the replacement logic drives this finding. …, 2020). These markets ¨ provide market power to individual traders, which limits the roles of two forces; (i) replacement … logic, whereby immoral trading is justified by the belief that others would trade otherwise; (ii) market selection, by which …