Publikasjon

Opposition to markets: Experimental Evidence

Forfattere: Hauge, K., S. Kverndokk, A. Lange
Publisert: 2024
Sammendrag: We experimentally investigate reasons for opposing market institutions. The experiment shows that opposition to implementing market institutions varies by background characteristics and shows that distributional concerns are a reason for opposing trade institutions. We find no evidence that the opposition to trade is due to risk preferences or paternalistic motives. A main driver of the opposition to trade is the information about background conditions: veils of uncertainty increase the support for the trade institution.
DOI: 10.1016/j.jebo.2024.106743
Referanse: Hauge, K., S. Kverndokk, A. Lange, 2024, «Opposition to markets: Experimental Evidence», Journal of Economic Behavior and Organization, vol 227, 106743
JEL Codes: C90D63I14
Keywords: Markets, Opposition, Fairness, Distribution, Risk exposure, Experiment
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