Markets & morals – two contradicting concepts? | with Vitali Gretschko
In this episode we are talking to Vitali Gretschko, professor of economics and market design. With him, we explore how moral behaviour affects decisions in market environments. We discuss a recent research project in which he jointly with colleagues designed an experiment to understand details on the relevance of social norms for market interactions. We also discuss how markets can be set up and designed to increase moral behaviour. Prof. Dr. Vitali Gretschko is head of the ZEW Research Department "Market Design", Professor of Market Design at the University of Mannheim, and a member of the Research Unit "Design and Behaviour" at the German Research Foundation (DFG). Vitali’s team published a working paper on the research project he mentions in the interview - you can download it at https://www.zew.de/publikationen/social-norms-and-market-behavior-evidence-from-a-large-population-sample