Trust affects almost all human relationships - in families, organizations, markets and politics. However, identifying … the conditions under which trust, defined as people's beliefs in the trustworthiness of others, has a causal effect on the … efficiency of human interactions has proven to be difficult. We show experimentally and theoretically that trust indeed has a …

Trust affects almost all human relationships - in families, organizations, markets and politics. However, identifying … the conditions under which trust, defined as people's beliefs in the trustworthiness of others, has a causal effect on the … efficiency of human interactions has proven to be difficult. We show experimentally and theoretically that trust indeed has a …

Trust affects almost all human relationships - in families, organizations, markets and politics. However, identifying … the conditions under which trust, defined as people's beliefs in the trustworthiness of others, has a causal effect on the … efficiency of human interactions has proven to be difficult. We show experimentally and theoretically that trust indeed has a …

Under weak contract enforcement the trading parties' trust, defined as their belief in other's trustworthiness, appears … appear less important, suggesting that trust and contract enforcement are substitutes. Here we show, however, that trust and … contract enforcement are complements. We demonstrate that under weak contract enforcement trust has no effect on gains from …

Under weak contract enforcement the trading parties' trust, defined as their belief in other's trustworthiness, appears … appear less important, suggesting that trust and contract enforcement are substitutes. Here we show, however, that trust and … contract enforcement are complements. We demonstrate that under weak contract enforcement trust has no effect on gains from …

Under weak contract enforcement the trading parties’ trust, defined as their belief in other’s trustworthiness, appears … appear less important, suggesting that trust and contract enforcement are substitutes. Here we show, however, that trust and … under weak contract enforcement trust has no effect on gains from trade, but when we successively improve contract …

Under weak contract enforcement the trading parties’ trust, defined as their belief in other’s trustworthiness, appears … appear less important, suggesting that trust and contract enforcement are substitutes. Here we show, however, that trust and … under weak contract enforcement trust has no effect on gains from trade, but when we successively improve contract …

preferences such as risk preference, and crucial beliefs about the world, such as trust. This paper provides evidence on the three …