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The demand and supply of esteem: An experimental analysis


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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DOI: doi:10.1016/j.socec.2021.101759


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
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