The current commission system in real estate brokerage misaligns agent and house seller interests, so real estate agents have strong incentives to mislead their clients by convincing them to sell their houses too cheaply and too quickly. This paper studies, being motivated by the commission...

There is substantial evidence that generalized trust improves economic outcomes at both the individual and aggregate levels. Furthermore, certain institutions such as educational and religious institutions foster trust, trade, and economic growth. A specific mechanism through which trust might...