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 …

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 …

This paper studies the impact of a key feature of competitive markets on moral behavior: the possibility that a … on the effect of markets on morals. …

There is a heated debate on whether markets erode social responsibility and moral behavior. However, it is a … challenging task to identify and measure moral behavior in markets. Based on a theoretical model, we examine in an experiment the … relation between trading volume, prices and moral behavior by setting up markets that either impose a negative externality on …

This paper studies the stability of socially responsible behavior in markets. We develop a laboratory product market in … seller competition and limited consumer information. Fair behavior in the market is slightly lower than that measured in …

Is competition perceived as a fair procedure? We report data from laboratory experiments where a powerful buyer can …

Is competition perceived as a fair procedure? We report data from laboratory experiments where a powerful buyer can …

This paper studies socially responsible behavior in markets. We develop a laboratory product market in which low … seller competition and limited consumer information, and it responds to costs and prices in a manner consistent with a model …-cost production that creates negative externalities is significantly more prevalent in markets in China. Across both studies …