Publication: Does market interaction erode moral values?
Does market interaction erode moral values?
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Bartling, B., Fehr, E., & Özdemir, Y. (2021). Does market interaction erode moral values? (No. 360; Working Paper Series / Department of Economics).
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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
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Bartling, B., Fehr, E., & Özdemir, Y. (2021). Does market interaction erode moral values? (No. 360; Working Paper Series / Department of Economics).
