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THE HIDDEN COSTS AND RETURNS OF INCENTIVES — TRUST AND TRUSTWORTHINESS AMONG CEOs

Fehr, Ernst; List, John A. - EconWPA - 2004

situations requiring trust and trustworthiness. As a control we compare the behavior of CEOs with the behavior of students. We …. However, the availability of penalizing incentives also creates hidden returns: if a principal expresses trust by voluntarily … threat is not available. Thus trust seems to reinforce trustworthy behavior. Overall, trustworthiness is highest if the …

Persistent link: https://www.econbiz.de/10005076520

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

Social Capital

Durlauf, Steven; Fafchamps, Marcel - EconWPA - 2004

This paper surveys research on social capital. We explore the concepts that motivate the social capital literature, efforts to formally model social capital using economic theory, the econometrics of social capital, and empirical studies of the role of social capital in various socioeconomic...

Persistent link: https://www.econbiz.de/10005062449

Macro Measures And Mechanics of Social Capital

Keele, Luke - EconWPA - 2005

measures of civic engagement and interpersonal trust. I,then, use these measures to test a basic assumption about social … participation and interpersonal trust as a function of long term trends in civic engagement and a set of controls for collective …

Persistent link: https://www.econbiz.de/10005062472

Buying Organic Food in France : Shopping Habits and Trust

Sirieix, Lucie; Schaer, Brigitte - EconWPA - 2005

consumer trust orientations and the frequentation of the different sales channels where organic food can be found. The results … of this study conducted in France and Germany show that consumers in organic food stores put trust in their store but are … neither the heaviest nor the most trusting consumers. Consumers in hypermarkets or supermarkets do not really trust the store …

Persistent link: https://www.econbiz.de/10005062483