{"id":9727,"date":"2022-05-02T14:05:31","date_gmt":"2022-05-02T12:05:31","guid":{"rendered":"https:\/\/ecobas.gal\/?post_type=mec-events&#038;p=9727"},"modified":"2022-06-07T11:22:03","modified_gmt":"2022-06-07T09:22:03","slug":"ecobas-research-seminar-francisco-gomez-martinez","status":"publish","type":"mec-events","link":"https:\/\/ecobas.gal\/en\/events\/ecobas-research-seminar-francisco-gomez-martinez\/","title":{"rendered":"ECOBAS Research Seminar: Francisco G\u00f3mez-Mart\u00ednez &#8211; Norwegian Business School"},"content":{"rendered":"<p><a href=\"https:\/\/www.bi.edu\/about-bi\/employees\/department-of-economics\/francisco-gomez-martinez\/\">FRANCISCO G\u00d3MEZ-MART\u00cdNEZ<\/a><\/p>\n<p>Existing evidence demonstrates that the degree of social homogeneity in a society correlates with various economic indicators. Using experimental techniques, we establish the causal impact of social proximity on socially responsible behavior in markets and its implications for economic welfare.<\/p>\n<p>We develop an experimental market where low-cost production generates a negative externality to a third party, while high-cost production eliminates the externality. We compare behavior in groups<br \/>\nvarying whether the third party shares a common identity with buyers and sellers (in-group condition) or not (out-group condition). Our findings indicate that socially responsible behavior is generally robust<br \/>\nacross our treatments. However, reducing social heterogeneities improves economic welfare indicators: market prices are significantly higher and the number of offers rejected by the buyers becomes significantly lower. This leads to a striking reduction of economic inequality and improvement of market efficiency. Overall, our experiment shows that the social structure of market environments matters a great deal and has significant implications for the design of institutions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FRANCISCO G\u00d3MEZ-MART\u00cdNEZ Existing evidence demonstrates that the degree of social homogeneity in a society correlates with various economic indicators. Using [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":9782,"comment_status":"open","ping_status":"closed","template":"","tags":[],"ano":[347],"cat_seminario":[350],"mec_category":[],"class_list":["post-9727","mec-events","type-mec-events","status-publish","has-post-thumbnail","hentry","ano-2022-en","cat_seminario-seminario_propio-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ECOBAS Research Seminar: Francisco G\u00f3mez-Mart\u00ednez - Norwegian Business School - ECOBAS<\/title>\n<meta name=\"description\" content=\"ECOBAS Research Seminar: Francisco G\u00f3mez-Mart\u00ednez (Norwegian Business School) \u2018The impact of group identity on social responsibility and welfare in experimental markets\u2019\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ecobas.gal\/en\/events\/ecobas-research-seminar-francisco-gomez-martinez\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECOBAS Research Seminar: Francisco G\u00f3mez-Mart\u00ednez - 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