کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
883879 912358 2012 8 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
How exposure to markets can favor inequity-averse preferences
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
How exposure to markets can favor inequity-averse preferences
چکیده انگلیسی

This paper shows how market exposure can support the evolution of non-individualistic preferences. In a group, one agent is randomly selected to divide an exogenous endowment. Endowment shares are used for either consumption or market exchange with external merchants. As a more equal endowment distribution attenuates the scope of merchants’ price discrimination, we argue that inequity-averse preferences may lead to a higher utility of consumption and so survive evolutionary pressures. This effect arises from an opportunity to create and extract information rents. We offer a new explanation to the empirical finding that a society's exposure to markets has a positive effect on its members’ sociality.


► Market exposure can favor the evolution of inequity-averse preferences.
► The effect stems from an opportunity to obtain information rents.
► We offer a new explanation to more sociality observed in market-integrated societies.
► We predict a positive relationship between market concentration and sociality.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 84, Issue 1, September 2012, Pages 174–181
نویسندگان
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