Showing 1 - 10 of 95
the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …We document that trust in public institutions – and particularly trust in banks, business and government – has declined … over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in …
Persistent link: https://www.econbiz.de/10008868129
Based on the methodology of Beaudry and DiNardo (1991), this paper investigates the relative importance of the spot market and implicit contracts in the determination of British real wages. Empirical work is carried out separately for males and females with individuallevel data taken from the...
Persistent link: https://www.econbiz.de/10005823009
We provide evidence that long-term relationships between trading parties emerge endogenously in the absence of third party enforcement of contracts and are associated with a fundamental change in the nature of market interactions. Without third party enforcement, the vast majority of trades are...
Persistent link: https://www.econbiz.de/10005703546
We analyze the impact of imperfect contract enforcement on the emergence of unemployment. In an experimental labor market where trading parties can form long-term employment relationships, we compare a work environment where effort is observable, but not verifiable to a situation where explicit...
Persistent link: https://www.econbiz.de/10008602725
Experimental studies have consistently shown that cooperative outcomes can emerge even in finitely repeated games. Such outcomes are justified by existing reputation building models, which suggest that cooperative outcomes can be sustained if some subjects have other-regarding preferences. While...
Persistent link: https://www.econbiz.de/10005566817
Although a broad field of literature on incentive theory exists, employer-provided tangible goods (hereafter called benefits) have so far been neglected by economic research. A remarkable exception is an empirical study by Oyer (2008). In our study, we test some of his findings by drawing on a...
Persistent link: https://www.econbiz.de/10009646296
whether a charitable donation increases the observing agents' trust in the donor. Our results support these hypotheses and … show that, apart from trust, responses to altruistic acts can have a rewarding or outcome-equalizing purpose. Our findings …
Persistent link: https://www.econbiz.de/10011103269
whether these "good guys" are more trustworthy and how such pronounced group identities affect trust and trustworthiness …
Persistent link: https://www.econbiz.de/10011103273
– specifically the trust environment – and its internal structure. We show experimentally that exogenously imposed culture … endogenously leads to variation in organizational form. We prime trust using past performance from a pilot study and demonstrate … that the level of trust within an organization affects division of labor and consequently organizational productivity. This …
Persistent link: https://www.econbiz.de/10011265299
aware of the behavioral difference: they trust ex-soldiers more because they expect them to be more trustworthy. Last, we …
Persistent link: https://www.econbiz.de/10010761632