English   español  
Please use this identifier to cite or link to this item: http://hdl.handle.net/10261/175431
Share/Impact:
Statistics
logo share SHARE   Add this article to your Mendeley library MendeleyBASE
Visualizar otros formatos: MARC | Dublin Core | RDF | ORE | MODS | METS | DIDL
Exportar a otros formatos:

Title

Market interactiona and efficient cooperation

AuthorsBrandts, Jordi ; Riedl, Arno
KeywordsCompetition
Cooperation
Experiments
Issue Date14-Dec-2017
Citation42 Simposio de la Asociación Española de Economía (2017)
AbstractWe experimentally study the effects of different types of market experience on the efficiency levels attained in a subsequent social dilemma. Our motivation stems from the existence of contrasting views on the potential spillover effects of participation in markets on non-market activities requiring cooperation. In our set-up, market interaction takes place in a continuous double auction involving a short and a long side of the market. This feature represents the very unequal opportunities that exist in some markets. Our focus is on the comparison of the efficiency levels attained in a subsequent social dilemma by pairs of individuals who were on the short side of the market, market-winners, with that of individuals who were on the long side, market-losers. We study both the cases where interaction in the social dilemma is with others from the same market, Market-Partners, and where it is with others from another market, Market-Strangers. We compare the efficiency of cooperation with and without market experience controlling for earnings, allowing us to identify the causal effects of market interaction. The results show that the experience of market interaction has a negative effect on cooperation efficiency in Market-Partners. This holds for both market-losers and market-winners pairs. By contrast, for Market-Strangers we find the positive effect that market-winner pairs tend to achieve higher cooperation efficiency than in the absence of previous market interaction.
DescriptionTrabajo presentado en el 42 Simposio de la Asociación Española de Economía celebrado en Barcelona los días 14, 15 y 16 de diciembre de 2017
URIhttp://hdl.handle.net/10261/175431
Appears in Collections:(IAE) Comunicaciones congresos
Files in This Item:
File Description SizeFormat 
Market Interaction_Brandts.pdf2,17 MBAdobe PDFThumbnail
View/Open
Show full item record
Review this work
 


WARNING: Items in Digital.CSIC are protected by copyright, with all rights reserved, unless otherwise indicated.