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THE DEVELOPMENT SOCIAL RELATIONSHIP IN OUR TIMES IMPOSE A GROWING IMPORTANCE TO 'TRUST' AS A RESOURCE BETWEEN PERSONAL … REDUCING OF SOCIAL COMPLEXITY IN OUR NEAPOLITAN REALITY, WE ASSUME THAT IS BETTER TO 'RELIANCE' RATHER THAN TO TRUST. FOR THE …
Persistent link: https://www.econbiz.de/10005126102
In this paper we explain the prevalence of explicit contracts of employment, particularly those that embody high- rather than low-powered incentives and clauses that supersede the common law defaults. Our analysis is based on an understanding of two fundamental problems that arise when agency...
Persistent link: https://www.econbiz.de/10005076642
We examine how social preferences affect behavior and surplus in relational contracts. Experimental subjects participate in a contracting environment similar to Brown, Falk, and Fehr [Brown, M., Falk, A. & Fehr, E., “Relational Contracts and the Nature of Market Interactions, Econometrica, 72...
Persistent link: https://www.econbiz.de/10005561830
This paper provides an introduction to the concept of social capital, and carries out a critical review of the empirical literature on social capital and economic development. The survey points out six main weaknesses affecting the empirics of social capital. Identified weaknesses are then used...
Persistent link: https://www.econbiz.de/10005407737
trait (i.e., general trust scale) and social stress-induced cortisol elevations. We found that (1) social stress acutely … impairs social memory during social interaction and (2) interpersonal trust reduces social stress response. Together …, interpersonal trust may modulate economic behaviors via stress hormonefs action on social cognition- related brain regions. …
Persistent link: https://www.econbiz.de/10005408231
situations requiring trust and trustworthiness. As a control we compare the behavior of CEOs with the behavior of students. We …. However, the availability of penalizing incentives also creates hidden returns: if a principal expresses trust by voluntarily … threat is not available. Thus trust seems to reinforce trustworthy behavior. Overall, trustworthiness is highest if the …
Persistent link: https://www.econbiz.de/10005076520
This paper surveys research on social capital. We explore the concepts that motivate the social capital literature, efforts to formally model social capital using economic theory, the econometrics of social capital, and empirical studies of the role of social capital in various socioeconomic...
Persistent link: https://www.econbiz.de/10005062449
measures of civic engagement and interpersonal trust. I,then, use these measures to test a basic assumption about social … participation and interpersonal trust as a function of long term trends in civic engagement and a set of controls for collective …
Persistent link: https://www.econbiz.de/10005062472
consumer trust orientations and the frequentation of the different sales channels where organic food can be found. The results … of this study conducted in France and Germany show that consumers in organic food stores put trust in their store but are … neither the heaviest nor the most trusting consumers. Consumers in hypermarkets or supermarkets do not really trust the store …
Persistent link: https://www.econbiz.de/10005062483
People can become less cooperative when threatened with sanctions, and researchers have pointed to both 'intentions' and incentives as sources of this effect. This paper reports data from a novel experimental design aimed at determining the relative importance of intentions and incentives in...
Persistent link: https://www.econbiz.de/10005062715