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dc.creatorKröll, Markus
dc.creatorRustagi, Devesh
dc.date.accessioned2021-09-28T09:27:03Z
dc.date.available2021-09-28T09:27:03Z
dc.date.issued2016-01-01
dc.identifier.urihttps://fif.hebis.de/xmlui/handle/123456789/2235
dc.description.abstractSellers display astounding differences in their cheating behavior, even in developing countries with weak enforcement of rules. Using the context of informal milk markets in India, we examine the role of reputation and norms of honesty as potential explanations. Our results show that individuals cannot verify milk quality, which weakens the scope of reputation-based mechanisms. But a strong correlation exists between milk quality and norms of honesty, measured using a novel behavioral experiment. Price collusion allows for the coexistence of honest and dishonest milkmen within a market. Norms of honesty can mitigate market inefficiency under the right institutional environment.
dc.rightsAttribution-ShareAlike 4.0 International
dc.rights.urihttp://creativecommons.org/licenses/by-sa/4.0/
dc.subjectCorporate Finance
dc.titleReputation, Honesty, and Cheating in Informal Milk Markets in India
dc.typeWorking Paper
dc.source.filename134_857756613
dc.identifier.safeno134
dc.subject.keywordscheating
dc.subject.keywordsinformal sector
dc.subject.keywordsreputation
dc.subject.keywordsnorms of honesty
dc.subject.keywordsmilk markets
dc.subject.keywordsindia
dc.subject.jelC93
dc.subject.jelD00
dc.subject.jelO13
dc.subject.jelQ01
dc.subject.topic1assistant
dc.subject.topic1market
dc.subject.topic1family
dc.subject.topic2maggian
dc.subject.topic2experimental
dc.subject.topic2conduct
dc.subject.topic3sample
dc.subject.topic3milkman
dc.subject.topic3actual
dc.subject.topic1nameHousehold Finance
dc.subject.topic2nameInvestor Behaviour
dc.subject.topic3nameFiscal Stability
dc.identifier.doi10.2139/ssrn.2982365


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