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The empirics of social capital and economic development. A critical perspective

Sabatini, Fabio - EconWPA - 2005

This paper provides an introduction to the concept of social capital, and carries out a critical review of the empirical literature on social capital and economic development. The survey points out six main weaknesses affecting the empirics of social capital. Identified weaknesses are then used...

Persistent link: https://www.econbiz.de/10005556075

When Punishment Fails: Research on Sanctions, Intentions and Non- Cooperation

Houser, Daniel; Xiao, Erte; McCabe, Kevin; Smith, Vernon - EconWPA - 2005

People can become less cooperative when threatened with sanctions, and researchers have pointed to both 'intentions' and incentives as sources of this effect. This paper reports data from a novel experimental design aimed at determining the relative importance of intentions and incentives in...

Persistent link: https://www.econbiz.de/10005556667

Trust and Reciprocity in Incentive Contracting

Rigdon, Mary - EconWPA - 2005

Principals can attempt to get agents to perform certain actions preferable to the principal by using ex post}punishments and rewards to align incentives. Field data is mixed on whether, and to what extent, such informal incentive contracting (paradoxically) crowds out efficient solutions to the...

Persistent link: https://www.econbiz.de/10005556679

Social capital: reviewing the concept and its policy implications

Commission, Productivity - EconWPA - 2003

There is scope for Governments to take more account of social capital in policy development, according to this Commission study. This paper suggests that social capital generally brings social and economic benefits by reducing transaction costs, promoting cooperative behaviour, diffusing...

Persistent link: https://www.econbiz.de/10005556904

Sustaining Cooperation in trust Games

McCabe, Kevin; Rigdon, Mary; Smith, Vernon - EconWPA - 2004

-person trust game. Players are typed based on their recent track record as whether or not they are trusting (Players 1) and whether …

Persistent link: https://www.econbiz.de/10005125594

TRUST OF MODERNITY, MODERNITY OF TRUST. CONSIDERATIONS AND RESEARCH HYPOTHESIS

CONTE, MASSIMO - EconWPA - 2005

THE DEVELOPMENT SOCIAL RELATIONSHIP IN OUR TIMES IMPOSE A GROWING IMPORTANCE TO 'TRUST' AS A RESOURCE BETWEEN PERSONAL … REDUCING OF SOCIAL COMPLEXITY IN OUR NEAPOLITAN REALITY, WE ASSUME THAT IS BETTER TO 'RELIANCE' RATHER THAN TO TRUST. FOR THE …

Persistent link: https://www.econbiz.de/10005126102

A Prototype for an Agent-based Secure Electronic Marketplace including Reputation Tracking Mechanisms

Boris, Padovan; Stefan, Sackmann; Thorsten, Eymann; … - EconWPA - 2002

The future of electronic commerce will be shaped by open, heterogeneous and complex structures, consisting of networked marketplaces. Software agents will interact and negotiate on behalf of their human (or organizational) principals. Principals will be able to implement fraudulent strategies in...

Persistent link: https://www.econbiz.de/10005134563

Borrowing Alone The Theory and Policy Implications of the Commodification of Finance

Hannsgen, Greg - EconWPA - 2004

Over the past 20 years, finance has become commodified. Firms increasingly obtain finance from securities markets, instead of borrowing from commercial banks with which they have long-term relationships, while Fannie Mae and Freddie Mac package a growing number of mortgages into bonds. When...

Persistent link: https://www.econbiz.de/10005134641

On the Reliability of Trusting

James, Harvey - EconWPA - 2002

This paper presents a model of trust in which a principal chooses either to trust or monitor an agent who, in turn …, chooses either to honor or exploit that trust. The principal's decision of whether to trust or monitor is based on the … relative temptation an agent faces to exploit the principal's trust, which comprises two elements – the environmental …

Persistent link: https://www.econbiz.de/10005135015

The Trust Paradox: A Survey of Economic Inquiries Into the Nature of Trust and Trustworthiness

James, Harvey - EconWPA - 2002

This paper examines the concepts of trust and trustworthiness in the context of a one-sided variation of the prisoner … on the creation of incentives to induce cooperation, this paper articulates a paradox of trust in that if one trusts … gives trust its very meaning. The paper explores the implications of trust when understood to exist at two levels -- one in …

Persistent link: https://www.econbiz.de/10005135123