Markets are ubiquitous in our daily life and, despite many imperfections, they are a great source of human welfare …. Nevertheless, there is a heated recent debate on whether markets erode social responsibility and moral behavior. In fact …, competitive pressure on markets may create strong incentives for unethical practices (like using child labor) to increase …

The emergence of competition is a defining aspect of human nature and characterizes many important social environments …

The emergence of competition is a defining aspect of human nature and characterizes many important social environments …