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Does Market Interaction Erode Moral Values?

Author

Listed:
  • Bjorn Bartling
  • Ernst Fehr

    (University of Zurich)

  • Yagiz ozdemir

    (University of Zurich)

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.

Suggested Citation

  • Bjorn Bartling & Ernst Fehr & Yagiz ozdemir, 2023. "Does Market Interaction Erode Moral Values?," The Review of Economics and Statistics, MIT Press, vol. 105(1), pages 226-235, January.
    • Handle: RePEc:tpr:restat:v:105:y:2023:i:1:p:226-235
    DOI: 10.1162/rest_a_01021
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    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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