one half of Russian population is disappointed with transition and a large majority is in favor of high state regulation … and state provision of goods and services. High demand for government regulation and increased state intervention coexists … with a low level of trust in government institutions and recognition of high and rising levels of corruption. The findings …

transmission tends to be biased toward excessively conservative priors. As a result, societies can be trapped in a low-trust … equilibrium. In this context, a temporary shock to the return to trusting can have a permanent effect on the level of trust. We …

In this paper we characterize a situation in which non-calculative trust has to play a role in the decision to …

driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and … contrast to standard intuition, we also observe an efficiency rise in response to regulation in oligopolies. Both, transaction …

choose with whom within their group they want to play a trust game. Participants observe of each other age, gender …. Participants tend to trust those they trusted before and who trusted them. We do not find evidence of regional discrimination per …

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 …

A vast literature has investigated the relationship between trust and aggregate economic performance. We investigate … the relationship between individual trust and individual economic performance. We find that individual income is hump …-shaped in a measure of intensity of trust beliefs available in the European Social Survey. We show that heterogeneity of trust …