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Do market conditions affect preferences? Evidence from experimental markets with excess supply and excess demand

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dc.contributor.author Brandts, Jordi
dc.contributor.author Charness, Gary
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned 2017-07-26T10:51:05Z
dc.date.available 2017-07-26T10:51:05Z
dc.date.issued 2000-06-01
dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=491
dc.identifier.uri http://hdl.handle.net/10230/446
dc.description.abstract We study whether people's preferences in an unbalanced market are affected by whether they are on the excess supply side or the excess demand side of the market. Our analysis is based on the comparison of behavior between two types of experimental gift exchange markets, which vary only with respect to whether first or second movers are on the long side of the market. The direction of market imbalance could influence subjects' motivation, as second movers, workers, might react differently to favorable actions by first movers, firms, in the two cases. Our data show strong deviations from the standard game-theoretic prediction. However, we only find secondary treatment effects. First movers are not more generous when they are in excess supply and second movers do not respond less favorably when they are in excess demand. Competition has only minor psychological effects in our data.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 491
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Do market conditions affect preferences? Evidence from experimental markets with excess supply and excess demand
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2017-07-23T02:05:37Z
dc.subject.keyword experiment
dc.subject.keyword unbalanced markets
dc.subject.keyword cooperation
dc.subject.keyword gift--exchange
dc.subject.keyword leex
dc.subject.keyword Behavioral and Experimental Economics
dc.rights.accessRights info:eu-repo/semantics/openAccess


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