Showing 1 - 10 of 66
trust and trade efficiency. Guided by feedback patterns observed on eBay and other platforms we run laboratory experiments …, leading to more accurate reputation information, more trust and more efficient trade. We discuss the implications for theory … building and for managing the redesign of market trust systems. …
Persistent link: https://www.econbiz.de/10005824138
efficiency, it also exhibits a kind of public goods problem in that, unlike in the partners market, the benefits of trust and …
Persistent link: https://www.econbiz.de/10009204411
This paper investigates in a principal-agent environment whether and how group membership influences the effectiveness of incentives and when incentives can have “hidden costs”, i.e., a detrimental effect. We show experimentally that in all interactions control mechanisms can have hidden...
Persistent link: https://www.econbiz.de/10011252294
This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust … and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms and the methods … employed to identify the causal impact of trust on economic performance are reviewed. We document the mechanisms of …
Persistent link: https://www.econbiz.de/10010766380
and ethnically homogeneous populations. Using trust and prisoner's dilemma games, we found that students in a neighborhood … with high Mafia involvement exhibit lower generalized trust and trustworthiness, but higher in-group favoritism, with …
Persistent link: https://www.econbiz.de/10010773922
This survey reviews the recent research on trust, institutions, and economic development. It discusses the various … measures of trust and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms that … explain the influence of trust on economic performance and the methods employed to identify the causal impact of trust on …
Persistent link: https://www.econbiz.de/10010869047
We study the interplay of inequality and trust in a dynamic growth game, in which trust increases efficiency and thus … allows higher growth of the laboratory economy in the future. We find that trust (as measured by the percentage of wealth … invested in a trust game) is initially high in a treatment starting with equal endowments, but decreases over time. In a …
Persistent link: https://www.econbiz.de/10011048177
This paper investigates in a principal–agent environment whether and how group membership influences the effectiveness of incentives and when incentives can have “hidden costs”, i.e., a detrimental effect. We show experimentally that in all interactions control mechanisms can have hidden...
Persistent link: https://www.econbiz.de/10011049787
We show the existence of a twin peaks relation between trust and the size of the welfare state that stems from two …
Persistent link: https://www.econbiz.de/10011074815
We show the existence of a twin peaks relation between trust and the size of the welfare state that stems from two …
Persistent link: https://www.econbiz.de/10011084578