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The demand and supply of esteem: An experimental analysis
Citation
Blacklow, P and Corman, AB and Sibly, H, The demand and supply of esteem: An experimental analysis, Journal of Behavioral and Experimental Economics, 95 Article 101759. ISSN 2214-8043 (2021) [Refereed Article]
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Copyright Statement
© 2021 Elsevier Inc. All rights reserved.
DOI: doi:10.1016/j.socec.2021.101759
Abstract
We use a laboratory experiment to identify some determinants of variation across individuals in the demand and supply of esteem. Some participants can choose, at a cost, buy ‘credits’ so as to appear to others to have a better performance on a real effort task than they really do: this purchase reflects esteem seeking. The provision of esteem, via a partner's feedback on performance, is also recorded. We find: (i) those with a low willingness to supply effort have a lower probability of purchasing credits, (ii) participants matched with low scoring partners buy more credits (iii) feedback is improved for those purchasing credits.
Item Details
| Item Type: | Refereed Article |
|---|---|
| Keywords: | esteem, image, laboratory experiment |
| Research Division: | Economics |
| Research Group: | Applied economics |
| Research Field: | Experimental economics |
| Objective Division: | Economic Framework |
| Objective Group: | Microeconomics |
| Objective Field: | Preference, behaviour and welfare |
| UTAS Author: | Blacklow, P (Dr Paul Blacklow) |
| UTAS Author: | Sibly, H (Dr Hugh Sibly) |
| ID Code: | 147965 |
| Year Published: | 2021 |
| Deposited By: | Economics and Finance |
| Deposited On: | 2021-11-25 |
| Last Modified: | 2022-01-11 |
| Downloads: | 3 View Download Statistics |
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