Does Fairness Prevent Market Clearing? An Experimental Investigation
通过实验室市场实验，检验公平观念对市场价格的影响，发现买方出价高于市场出清水平，且卖方以高质量回应，为公平工资-努力理论提供了实验证据。
This paper reports the results of an experiment that was designed to test the impact of fairness on market prices. Prices were determined in a one-sided oral auction, with buyers as price-makers. Upon acceptance of an offer, sellers determined the quality of the good. Buyers offered prices that were substantially above the market-clearing level and expected sellers to respond with high quality levels. This expectation was, on average, confirmed by the behavior of sellers. These results provide, therefore, experimental support for the fair wage-effort theory of involuntary unemployment.