DOES FAIRNESS PREVENT MARKET CLEARING - AN EXPERIMENTAL INVESTIGATION

被引：657

作者：

FEHR, E

KIRCHSTEIGER, G

RIEDL, A

机构：

[1] INST ADV STUDIES,VIENNA,AUSTRIA

[2] UNIV VIENNA,A-1010 VIENNA,AUSTRIA

来源：

QUARTERLY JOURNAL OF ECONOMICS | 1993年 / 108卷 / 02期

基金：

奥地利科学基金会;

关键词：

D O I：

10.2307/2118338

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper reports the results of an experiment that was designed to test the impact of fairness on market prices. Prices were determined in a one-sided oral auction, with buyers as price-makers. Upon acceptance of an offer, sellers determined the quality of the good. Buyers offered prices that were substantially above the market-clearing level and expected sellers to respond with high quality levels. This expectation was, on average, confirmed by the behavior of sellers. These results provide, therefore, experimental support for the fair wage-effort theory of involuntary unemployment.

引用

页码：437 / 459

页数：23

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