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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
affect trust in banks, trust in the banking supervisor, and generalized trust. Adverse experiences during the financial … crisis do not only directly lower trust in banks, but also have a negative effect on generalized trust. Customers of a bank … that ran into problems have less trust in banks than respondents without this experience. Our results also indicate that …
Persistent link: https://www.econbiz.de/10010690504
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
When does the general public lose trust in banks? We provide empirical evidence using responses by Dutch survey …. Negative media reports, falling stock prices, and opaque product information also affect trust in banks. Experiencing a bank …
Persistent link: https://www.econbiz.de/10010726974
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
- 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/10010531679
We study the interplay of inequality and trust in a dynamic game, in which trust increases efficiency and thus allows … higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with … equal endowments, but decreases over time. In a treatment with unequal endowments, trust is initially lower yet remains …
Persistent link: https://www.econbiz.de/10010264271