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results suggest that perceptions rooted in culture are important (and generally omitted) determinants of economic exchange. …
Persistent link: https://www.econbiz.de/10005557723
’s conjecture that today marked differences in social capital between the North and South of Italy were due to the culture of …
Persistent link: https://www.econbiz.de/10005697650
To explain the extremely long-term persistence (more than 500 years) of positive historical experiences of cooperation (Putnam, 1993), we model the intergenerational transmission of priors about the trustworthiness of others. We show that this transmission tends to be biased toward excessively...
Persistent link: https://www.econbiz.de/10005816451