Ethical differentiation and market behavior: An experimental approach
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- dc.contributor.author Rode, Julianca
- dc.contributor.author Hogarth, Robin M.ca
- dc.contributor.author Le Menestrel, Marcca
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2017-07-26T10:50:48Z
- dc.date.available 2017-07-26T10:50:48Z
- dc.date.issued 2004-10-01
- dc.date.modified 2017-07-23T02:08:46Z
- dc.description.abstract Does ethical differentiation of products affect market behavior? We examined this issue in triopolistic experimental markets where producers set prices. One producer s costs were higher than the others. In two treatments, the additional costs were attributed to compliance with ethical guidelines. In the third, no justification was provided. Many participants playing the role of consumers reduced their experimental gains by purchasing the ethically differentiated product at a higher price whether or not they knew the amount of extra cost. Individual differences were important (students of business/economics paid smaller premia than others). Finally, we speculate about the observed demand function for ethics and emphasize the use of experimental methodology to complement empirical studies designed to assess the potential market for ethically differentiated products.
- dc.format.mimetype application/pdfca
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=779
- dc.identifier.citation Journal of Economic Behavior and Organization, 66, 265-280, 2008
- dc.identifier.uri http://hdl.handle.net/10230/1065
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 779
- 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.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword fair trade
- dc.subject.keyword ethical premia
- dc.subject.keyword price competition
- dc.subject.keyword contextual effects
- dc.subject.keyword leex
- dc.subject.keyword Behavioral and Experimental Economics
- dc.title Ethical differentiation and market behavior: An experimental approachca
- dc.type info:eu-repo/semantics/workingPaper