Showing 1 - 10 of 82
the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …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 …
Persistent link: https://www.econbiz.de/10008925712
elicit people’s trust correlate well with behaviourally exhibited trust in the experiment. People above the age of 65, highly … the power of our approach with the analysis of trust and trustworthiness in Germany by combining representative survey … data with representative behavioural data from a social dilemma experiment. We identify which survey questions intended to …
Persistent link: https://www.econbiz.de/10005661984
We study competitive market outcomes in economies where agents have other-regarding preferences. We identify a separability condition on monotone preferences that is necessary and sufficient for one's own demand to be independent of the allocations and characteristics of other agents in the...
Persistent link: https://www.econbiz.de/10005114265
intermediary, parameters of the information structure (precisions of public and private information), and the level of stress …
Persistent link: https://www.econbiz.de/10009147398
This paper aims to show that culture is an important determinant of the effectiveness of formal democratic institutions, such as elections. We collect new data to document the presence of voluntary and social organizations and the history of electoral reforms in Chinese villages. We use the...
Persistent link: https://www.econbiz.de/10011213313
with a low level of trust in government institutions and recognition of high and rising levels of corruption. The findings …
Persistent link: https://www.econbiz.de/10008506841
We run an experiment in which students of different European nationalities are matched in groups of five and repeatedly … choose with whom within their group they want to play a trust game. Participants observe of each other age, gender …, nationality and number of siblings. The region of origin, "North" or "South" is a major determinant of success in the experiment …
Persistent link: https://www.econbiz.de/10008468504
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 …
Persistent link: https://www.econbiz.de/10008468606
This chapter reviews the recent debate about the role of social capital in economics. We argue that all the difficulties this concept has encountered in economics are due to a vague and excessively broad definition. For this reason, we restrict social capital to the set of values and beliefs...
Persistent link: https://www.econbiz.de/10008468690
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 …
Persistent link: https://www.econbiz.de/10008528520