Can Concerns for Social Status Mitigate the ‘Lemons Problem’? Experimental Evidence from the Indian Caste Hierarchy

• Published in: Journal of South Asian development Vol. 14; no. 2; pp. 151 - 179
• Main Authors: Dugar, Subhasish, Bhattacharya, Haimanti
• Format: Journal Article
• Language: English
• Published: New Delhi, India SAGE Publications 01.08.2019
• Subjects: Social status; adverse selection; lab in the field experiment; India

We conducted a lab-in-the-field experiment to analyse if and how information about an individual’s social status influences efficient choices in a two-party hidden information game in which trust and trustworthiness play a central role. Recruitment of subjects from three status groups based on the I...