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Slavery and Information

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  • Dari-Mattiacci, Giuseppe

Abstract

This article shows how asymmetric information shaped slavery by determining the likelihood of manumission. A theoretical model explains the need to offer positive incentives to slaves working in occupations characterized by a high degree of asymmetric information. As a result, masters freed (and, more generally, rewarded) slaves who performed well. The model's implications are then tested against the available evidence: both in Rome and in the Atlantic world, slaves with high asymmetric information tasks had greater chances of manumission. The analysis also sheds light on the master's choices of carrots versus sticks and of labor versus slavery. “Whatever work he does beyond what is sufficient to purchase his own maintenance can be squeezed out of him by violence only.”Adam Smith, The Wealth of Nations1“[N]or because they are slaves do they less than free men need the lure of hope and happy expectation.”Xenophon, The Economist2

Suggested Citation

  • Dari-Mattiacci, Giuseppe, 2013. "Slavery and Information," The Journal of Economic History, Cambridge University Press, vol. 73(1), pages 79-116, March.
    • Handle: RePEc:cup:jechis:v:73:y:2013:i:01:p:79-116_00
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    Cited by:

    1. Sonnabend, Hendrik & Stadtmann, Georg, 2018. "Good intentions and unintended evil? Adverse effects of criminalizing clients in paid sex markets with voluntary and involuntary prostitution," Discussion Papers 400, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
    2. Phillip W. Magness & Art Carden & Ilia Murtazashvili, 2023. "Gordon Tullock and the economics of slavery," Public Choice, Springer, vol. 197(1), pages 185-199, October.
    3. Sonnabend, Hendrik, 2015. "Good Intentions and Unintended Evil? Clients’ Punishment in the Market for Sex Services with Voluntary and Involuntary Providers," EconStor Preprints 110682, ZBW - Leibniz Information Centre for Economics.
    4. Arruñada, Benito, 2016. "How Rome enabled impersonal markets," Explorations in Economic History, Elsevier, vol. 61(C), pages 68-84.
    5. Ma, Debin & Rubin, Jared, 2019. "The Paradox of Power: Principal-agent problems and administrative capacity in Imperial China (and other absolutist regimes)," Journal of Comparative Economics, Elsevier, vol. 47(2), pages 277-294.
    6. Dari-Mattiacci Giuseppe & de Oliveira Guilherme, 2021. "Slavery versus Labor," Review of Law & Economics, De Gruyter, vol. 17(3), pages 495-568, November.
    7. Piano, Ennio Emanuele & Piano, Clara E., 2021. "Bargaining over beauty: The economics of contracts in Renaissance art markets," SocArXiv 9b6c5, Center for Open Science.

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