We study the interplay between competition and trust as efficiency-enhancing mechanims in the private provision of … money. With commitment, trust is automatically achieved and competition ensures efficiency. Without commitment, competition … plays no role. Trust does play a role but requires a bound on effciency. Stationary inflation must be non-negative and …

are characterized by higher levels of trust, and, more generally, of cooperation. Here we study a classic case of within … behavior of a sample of the general population toward trust and contributions to the common good. We find that trust and …

How much do cultural biases affect economic exchange? We try to answer this question by using the relative trust … European citizens have for citizens of other countries. First, we document that this trust is affected not only by objective … trust toward citizens of a country lead to less trade with that country, less portfolio investment, and less direct …

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 .nd 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 …

can crowd out trust between agents by sending a signal that there are many egoists around. This can lead the government to … set low sanctions to induce trust and 'crowd in' cooperation. In cases where conditional cooperation is an important …

-customer relationship framework, we argue that trust and relational commitment – two fundamental aspects of relational marketing – are …

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 …