Penczynski, Stefan P.; Santana, Maria Isabel - In: Quantitative Economics 15 (2024) 1, pp. 213-243
We propose a novel way of measuring trust in institutions, which draws on the experimental method used to elicit time preferences. Our measure is provided in the meaningful metric of the subjective probability of trustworthiness of the trustee. In a lab-in-the-field setting in the Philippines,...