Fairness Preferences in a Bilateral Trade Experiment

被引:1
作者
Ciccone, Alice [1 ,2 ]
Rogeberg, Ole [2 ,3 ]
Braaten, Ragnhild [4 ]
机构
[1] Inst Transport Econ TOI, Gaustadalleen 21, N-0349 Oslo, Norway
[2] CREE Frisch Ctr, Gaustadalleen 21, N-0349 Oslo, Norway
[3] Ragnar Frisch Ctr Econ Res, Gaustadalleen 21, N-0349 Oslo, Norway
[4] Oslo Econ, N-0349 Oslo, Norway
关键词
fairness; inequality aversion; trade; markets; experiment; social preferences; INEQUALITY AVERSION; MAXIMIN PREFERENCES; ENTITLEMENTS; EFFICIENCY; DEMAND;
D O I
10.3390/g11010008
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
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页数:17
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