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Are social preferences related to market performance?

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  • Andreas Leibbrandt

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Abstract

This paper combines laboratory with field data from professional sellers to study whether social preferences are related to performance in open-air markets. The data show that sellers who are more pro-social in a laboratory experiment are also more successful in natural markets: They achieve higher prices for similar quality, have superior trade relations and better abilities to signal trustworthiness to buyers. These findings suggest that social preferences play a significant role for outcomes in natural markets. Copyright Economic Science Association 2012

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Bibliographic Info

Article provided by Springer in its journal Experimental Economics.

Volume (Year): 15 (2012)
Issue (Month): 4 (December)
Pages: 589-603

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Handle: RePEc:kap:expeco:v:15:y:2012:i:4:p:589-603

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Web page: http://www.springerlink.com/link.asp?id=102888

Related research

Keywords: Social preferences; Market performance; External validity; Quality misrepresentation; Open-air markets; C91; C93; D49;

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Cited by:
  1. Michal Bauer & Julie Chytilová & Barbara Pertold-Gebicka, 2012. "Parental Background and Other-Regarding Preferences in Children," Working Papers IES 2012/10, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Apr 2012.

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