Servátka, Maroš; Tucker, Steven; Vadovič, Radovan - In: Journal of Economic Psychology 32 (2011) 5, pp. 700-709
Should one use words or money to foster trust of the other party if no means of enforcing trustworthiness are available …? This paper reports an experiment studying the effectiveness of two types of mechanisms for promoting trust: a costly gift … game. Our data provide evidence that while both stand-alone mechanisms enhance trust, a gift performs significantly worse …