Abstract
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.
Subject
Economics and Econometrics,Social Sciences (miscellaneous)
Reference3 articles.
1. The Limits to Moral Erosion in Markets: Social Norms and the Replacement Excuse
2. Bartling, Björn, Vanessa Valero, and Roberto Weber (2019). "On the Scope of Externalities in
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