Showing 1 - 10 of 25
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/10008872215
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/10005766257
This paper shows why a majority of legislators may vote for a policy that benefits a firm but harms all legislators. The firm may induce legislators to support the policy by suggesting that it is more likely to invest in a district whose voters or representative support the policy. In...
Persistent link: https://www.econbiz.de/10010544187
This paper reports the results of a survey among private sector economists about credibility and transparency of … Survey to answer questions on the importance and determinants of credibility. The results of both surveys are very comparable …. Credibility is considered to be important to attain price stability at low cost, while the best ways to earn credibility are a …
Persistent link: https://www.econbiz.de/10005094291
This paper analyzes whether nation-state governments can increase their credibility by becoming members of … international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have … organizations can improve the credibility of nation-state governments. This hypothesis is tested by introducing three new indicators …
Persistent link: https://www.econbiz.de/10005181427
We examine whether a corruption scandal in which the incumbent is implicated undermines trust in local government. We … data on the level of trust expressed in local politicians drawn from a new survey conducted in late 2009. We use matching … methods to improve the identification of the effect of corruption scandals on trust, comparing municipalities affected by a …
Persistent link: https://www.econbiz.de/10010877719
In this paper we investigate the long- and short-run relationships between disasters and societal trust. A growing body … determinants of social capital in general, and trust in particular. We present new cross-country and panel data evidence of another … important determinant of trust—the frequency of natural disasters. Frequent naturally occurring events such as storms require …
Persistent link: https://www.econbiz.de/10010877834
To investigate the relation between trust and formal institutions, we analyze bilateral trade patterns in a sample of … 16 European countries between 1996-2009. Trust in trading partners has a significant positive effect on bilateral trade …. However, our results suggest that trust and formal institutions are substitutes, as the positive effect of trust on trade is …
Persistent link: https://www.econbiz.de/10009294097
In Switzerland, two key church institutions – the Conference of Swiss Bishops (CSB) and the Federation of Protestant Churches (FPC) – make public recommendations on how to vote for certain referenda. We leverage this unique situation to directly measure religious organizations’ power to...
Persistent link: https://www.econbiz.de/10010723526
the power of our approach with the analysis of trust and trustworthiness in Germany bycombining representative survey data … people’s trust correlate well with behaviorally exhibited trust in the experiment. People above the age of 65, highly skilled … the Social Democratic Party or the Christian Democratic Party exhibit more trust. People above the age of 65 and those in …
Persistent link: https://www.econbiz.de/10005766135