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Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | Does market interaction erode moral values? |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Journal Title | The Review of Economics and Statistics |
| Publisher | MIT Press |
| Geographical Reach | international |
| ISSN | 0034-6535 |
| Volume | 105 |
| Number | 1 |
| Page Range | 226 - 235 |
| Date | 2023 |
| Abstract Text | The widespread use of markets leads to unprecedented material well-being in many societies. We study whether market interaction, as a side effect, erodes moral values. In an influential paper, Falk and Szech (2013) provide experimental data that seem to suggest that “market interaction erodes moral values.” Although we replicate their main treatment effect, we show that additional treatments are necessary to corroborate their conclusion. These treatments reveal that playing repeatedly, and not market interaction, causes the erosion of moral values. Our paper thus shows that neither Falk and Szech's data nor our data support the claim that markets erode morals. |
| Free access at | DOI |
| Related URLs | |
| Digital Object Identifier | 10.1162/rest_a_01021 |
| Other Identification Number | merlin-id:22095 |
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| Keywords | Economics and econometrics, social sciences (miscellaneous), market interaction, moral values |
| Additional Information | Earlier published as ECON Working Paper No. 360: https://www.zora.uzh.ch/id/eprint/189516/ |