Sensitivity of Economists during Market Allocation:
In this study, it was found that economists were sensitive to different commodities based on their attitudes in terms of fairness toward the price mechanism, whereas non-economists did not exhibit significant sensitivity. This sensitivity was so strong that no self-selection effect could be found in...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Münster
CIW
2014
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| Schriftenreihe: | Diskussionspapier / Centrum für Interdisziplinäre Wirtschaftsforschung
2014,3 |
| Online-Zugang: | kostenfrei |
| Zusammenfassung: | In this study, it was found that economists were sensitive to different commodities based on their attitudes in terms of fairness toward the price mechanism, whereas non-economists did not exhibit significant sensitivity. This sensitivity was so strong that no self-selection effect could be found in economists in the case of a survey of a basic commodity, whereas there was a clear self-selection effect with a luxury commodity. After one semester with intensive expo-sure to microeconomic theory, the market affinity of economists increased in both cases, but their sensitivity persisted. Surprisingly, it was the allocation mechanism of "first come, first served" and not the price mechanism that was affected more in terms of fairness. The latter reflects equal treatment in terms of general perceptions, thus this could be interpreted as an increased aversion to inequality among economists. |
| Beschreibung: | 1 Online-Ressource |
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| spelling | Suttner, Johannes Rolf 1984- Verfasser (DE-588)1053585683 aut Sensitivity of Economists during Market Allocation Johannes R. Suttner Münster CIW 2014 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Diskussionspapier / Centrum für Interdisziplinäre Wirtschaftsforschung 2014,3 In this study, it was found that economists were sensitive to different commodities based on their attitudes in terms of fairness toward the price mechanism, whereas non-economists did not exhibit significant sensitivity. This sensitivity was so strong that no self-selection effect could be found in economists in the case of a survey of a basic commodity, whereas there was a clear self-selection effect with a luxury commodity. After one semester with intensive expo-sure to microeconomic theory, the market affinity of economists increased in both cases, but their sensitivity persisted. Surprisingly, it was the allocation mechanism of "first come, first served" and not the price mechanism that was affected more in terms of fairness. The latter reflects equal treatment in terms of general perceptions, thus this could be interpreted as an increased aversion to inequality among economists. Centrum für Interdisziplinäre Wirtschaftsforschung Diskussionspapier 2014,3 (DE-604)BV037441536 2014,3 https://www.wiwi.uni-muenster.de/ciw/sites/ciw/files/dp-ciw_03_2014.pdf Verlag kostenfrei Volltext |
| spellingShingle | Suttner, Johannes Rolf 1984- Sensitivity of Economists during Market Allocation |
| title | Sensitivity of Economists during Market Allocation |
| title_auth | Sensitivity of Economists during Market Allocation |
| title_exact_search | Sensitivity of Economists during Market Allocation |
| title_full | Sensitivity of Economists during Market Allocation Johannes R. Suttner |
| title_fullStr | Sensitivity of Economists during Market Allocation Johannes R. Suttner |
| title_full_unstemmed | Sensitivity of Economists during Market Allocation Johannes R. Suttner |
| title_short | Sensitivity of Economists during Market Allocation |
| title_sort | sensitivity of economists during market allocation |
| url | https://www.wiwi.uni-muenster.de/ciw/sites/ciw/files/dp-ciw_03_2014.pdf |
| volume_link | (DE-604)BV037441536 |
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