respect to (a) their correlation with actual risk-taking behaviour in the lab - here the amount sent in a trust game, and (b … eliciting individual risk attitudes than the lottery-choice task. Moreover, with respect to trust, the data further support the …

implement a control strategy, which consists of low effort discretion and little or no rent-sharing, or they implement a trust … control strategy prevails, while the possibility of screening renders the trust strategy profitable. The introduction of … competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both …