Market economies and pro-social behavior: Experimental evidence from Central Asia |
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Authors: | Stephen M Rosenbaum Stephan BillingerYerlan Atykhanov |
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Institution: | a Institute for Marketing and Management, University of Southern Denmark, Campusvej 55, 5230 Odense M, Denmark b Faculty of Management, Westminster International University in Tashkent (WIUT), 12 Akhunbabaev St., Tashkent 100000, Uzbekistan c Kazakh-American University, 29 Toraigirov St., 050043 Almaty, Kazakhstan |
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Abstract: | This study seeks to extend the body of knowledge of pro-social behavior in comparative market settings by reporting on a high-stakes ultimatum game and revelation game experiments in two transition economies: Kazakhstan and Uzbekistan. While controlling for cultural differences and framing effects, we find statistically significant differences in fairness and honesty behavior between the two countries. Specifically, subjects in Uzbekistan (in an earlier stage of transition to a market economy) are fairer and more honest than their later-stage Kazakh counterparts. Our experimental findings have implications for the literature on pro-social behavior and market economies, and more generally, on the transmission process between formal and informal institutions. |
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Keywords: | C72 C91 P30 |
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