Is Sin Always a Sin? The Interaction Effect of Social Norms and Financial Incentives on Market Participants’ Behavior
Using alcohol, tobacco, and gaming consumption data and people’s attitudes toward these sin products to proxy for social norm acceptance levels, we show a strong interaction effect between social norms and financial incentives, which significantly influence the behavior of market participants. Speci...
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Main Authors: | LIU, Yanju, LU, Hai, VEENSTRA, Kevin |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2014
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Online Access: | https://ink.library.smu.edu.sg/soa_research/1263 https://ink.library.smu.edu.sg/context/soa_research/article/2262/viewcontent/SSRN_id2419667.pdf |
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Institution: | Singapore Management University |
Language: | English |
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