eprintid: 49353 rev_number: 8 eprint_status: archive userid: 1482 importid: 105 dir: disk0/00/04/93/53 datestamp: 2025-01-06 09:08:27 lastmod: 2025-01-06 09:10:47 status_changed: 2025-01-06 09:08:27 type: article metadata_visibility: show creators_name: Chen, Daniel L. creators_name: Reinhart, Eric creators_id: daniel.chen@iast.fr creators_idrefppn: 241586631 creators_halaffid: 1002422;441569 title: Markets and Morality: how markets shape our (dis)regard for others ispublished: inpress subjects: subjects_ECO abstract: Scholars since Hume and Smith have debated possible causal connections between market experiences and moral beliefs. Here, we study the impact of market interactions on utilitarian versus deontological values, charitable donations, and whether individuals have differential in-group / out-group moral views. Through a labor market intermediary, we randomly assign workers residing across several nations of varying income levels to different market conditions: tournament or individual. We find that, in low-income nations, tournament-based compensation increases deontological commitments in general, deontological commitments specifically toward out-group members, and donations by productive workers but decreases charitable donations by less productive workers. In higher-income nations, the effect of tournament-based compensation on deontological commitments in general reverse while effects on attitudes toward out-group members and charitable donations become insignificant. These experimental findings are consistent with the evolution of the doux commerce thesis, where scholars in previous centuries during early stages of market development posited that commercial exchange increases deontological commitments and scholars in the past century posited that commercial exchange erodes them. These findings suggest that if utilitarian attitudes lead to more market-oriented policies, then multiple steady states may arise wherein some countries sustain high levels of utilitarian attitudes, market orientation, and economic growth alongside progressively weakening deontological commitments and interpersonal regard for others, putting the interests of economic rationality and liberal moral development at odds with one another. date: 2024 date_type: published publisher: Oxford University Press id_number: 10.1093/jleo/ewae016 official_url: http://tse-fr.eu/pub/129310 faculty: tse divisions: tse language: en has_fulltext: TRUE doi: 10.1093/jleo/ewae016 view_date_year: 2024 full_text_status: public publication: Journal of Law, Economics, and Organization place_of_pub: Oxford refereed: TRUE issn: 8756-6222 oai_identifier: oai:tse-fr.eu:129310 harvester_local_overwrite: issn harvester_local_overwrite: pending harvester_local_overwrite: creators_idrefppn harvester_local_overwrite: title harvester_local_overwrite: creators_halaffid harvester_local_overwrite: abstract harvester_local_overwrite: publisher harvester_local_overwrite: place_of_pub harvester_local_overwrite: creators_id oai_lastmod: 2024-12-16T14:41:43Z oai_set: tse site: ut1 citation: Chen, Daniel L. and Reinhart, Eric (2024) Markets and Morality: how markets shape our (dis)regard for others. Journal of Law, Economics, and Organization. (In Press) document_url: https://publications.ut-capitole.fr/id/eprint/49353/1/Markets_and_Morality_JLEO.pdf