Showing 1 - 4 of 4
In order to address the impact of regulation on ethical concerns of consumers, we study the effect of a minimum wage. In our experimental market, consumers have monopsony power, firms engage in Bertrand competition, and workers are passive recipients of a wage payment. Two treatments are...
Persistent link: https://www.econbiz.de/10010263713
In order to address the impact of regulation on ethical concerns of consumers, we study the effect of a minimum wage. In our experimental market, consumers have monopsony power, firms engage in Bertrand competition, and workers are passive recipients of a wage payment. Two treatments are...
Persistent link: https://www.econbiz.de/10010268802
strategies can be captured by maximin preferences and indirect reciprocity in Charness and Rabin's (2002) reciprocal fairness …' fairness concerns. Abolishing a minimum wage crowds in consumer fairness concerns, but crowding in is not sufficient to avoid …
Persistent link: https://www.econbiz.de/10012236843
payment. We find that the consumers exhibit considerable fairness towards the workers by buying from the firm with the higher … average wages despite its significant crowding-out effects on consumers' fairness concerns. Abolishing a minimum wage crowds … in consumers' fairness concerns, but crowding in is not sufficient to avoid overall negative effects on the workers …
Persistent link: https://www.econbiz.de/10011489877