Artikel

Fairness preferences in a bilateral trade experiment

Is the willingness to make trades influenced by how the total gains from trade are split between the trading partners? We present results from a bilateral trade game (n = 128) where all participants were price-takers and trading pairs faced one of three exogenously imposed trading prices. The fixed prices divided the gains either symmetrically in the reference treatment or asymmetrically in treatments favoring either the buyer or seller. Price treatments generating asymmetric gains from trade reduced desired transaction levels on both sides of the market, but more strongly by the disfavored party. The data weakly indicated a larger reduction when the disfavored party was a seller.

Sprache
Englisch

Erschienen in
Journal: Games ; ISSN: 2073-4336 ; Volume: 11 ; Year: 2020 ; Issue: 1 ; Pages: 1-17 ; Basel: MDPI

Klassifikation
Wirtschaft
Design of Experiments: General
Institutions: Design, Formation, Operations, and Impact
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Thema
experiment
fairness
inequality aversion
markets
social preferences
trade

Ereignis
Geistige Schöpfung
(wer)
Ciccone, Alice
Rogeberg, Ole
Braaten, Ragnhild Haugli
Ereignis
Veröffentlichung
(wer)
MDPI
(wo)
Basel
(wann)
2020

DOI
doi:10.3390/g11010008
Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Ciccone, Alice
  • Rogeberg, Ole
  • Braaten, Ragnhild Haugli
  • MDPI

Entstanden

  • 2020

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