Showing 1 - 10 of 104
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
We conducted a controlled field experiment on eBay and examined to what extent both social and competitive laboratory behavior is robust to institutionally complex real world markets with experienced traders, who selected themselves into these markets. EBay's natural trading system provides...
Persistent link: https://www.econbiz.de/10010264320
Many Internet markets rely on feedback systems', essentially social networks of reputation, to facilitate trust and … market encounters are one-shot) most frequently enhances trust and trustworthiness, and always increases total gains … each other) in promoting trust and trustworthiness if the market is sufficiently competitive. We conclude that, overall …
Persistent link: https://www.econbiz.de/10010264338
preferences such as risk preference, and crucial beliefs about the world, such as trust. This paper provides evidence on the three …
Persistent link: https://www.econbiz.de/10010264365
Institutions are important for proper economic performance, but are replaceable by trust or other social norms. We show … that when proper institutions and trust are missing, integrity of the individuals can replace them. We construct a model of …) trust, or (3) integrity, foster economic growth. We construct data of economic performance of social groups in Lebanon …
Persistent link: https://www.econbiz.de/10010265978
This paper investigates how group membership and competition among trustors interact with trust and trustworthiness in … a laboratory one-shot trust game. To analyze these effects, we apply a 2x2 design. We induce group membership by letting …
Persistent link: https://www.econbiz.de/10010274051
We document that trust in public institutions - and particularly trust in banks, business and government - has declined … over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in … the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …
Persistent link: https://www.econbiz.de/10010274853
localized and well-respected administration increased citizens' trust in local public services. In several Eastern European … Habsburg affiliation increases current trust and reduces corruption in courts and police. Falsification tests of spuriously … moved borders, geographic and pre-existing differences, and interpersonal trust corroborate a genuine Habsburg effect. …
Persistent link: https://www.econbiz.de/10010274931
We explore the determinants and effects of trust relationships between upstream suppliers and downstream producers … different measures of supplier-buyer trust, that higher levels of trust mitigate relationship-specific underinvestment in a … classical hold-up situation. Moreover, contrary to the extant literature, we show that higher levels of supplier's trust are …
Persistent link: https://www.econbiz.de/10010274959
We study competition among market designers who create new trading platforms, when boundedly rational traders learn to select among them. We ask whether efficient platforms, leading to market - clearing trading outcomes, will dominate the market in the long run. If several market designers are...
Persistent link: https://www.econbiz.de/10010264141