Hosted by Carlos Oyarzun

People communicate in economic interactions either aiming to alter material outcomes or because they derive direct satisfaction from ex- pressing. We focus on the latter noninstrumental motivation and find that this less researched aspect of expression has important economic implications. In particular, we experimentally study ex-post verbal ex- pression in a modified Power-to-Take game and document people's willingness to pay for this kind of expression possibility. Our experiment contributes to previous studies discussing the role of mood-emotional states in economics. We find that purely expressive as well as reciprocal motives are both non-trivial components of the valuation for noninstrumental expression. We demonstrate that expression possibilities have important impacts on welfare beyond what our standard economic view predicts.

On the demand for expressing emotions

Thu 20 Aug 2015 12:00pm2:00pm


Room 629, Colin Clark Building (#39)