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 …

in the lab - here the amount sent in a trust game (Berg, Dickaut, McCabe, 1995). As it turns out, the measures themselves … in economic (lab) experiments. Moreover, with respect to trust, the high re-test stability of trust transfers ( ·= .70 …

Experimental evidence reveals that there is a strong willingness to trust and to act in both positively and negatively … buyers, as well as needing to trust others and reciprocate with their network. We base our analysis on the German Socio …-Economic Panel and recently introduced questions about trust, positive reciprocity, and negative reciprocity to examine the extent …

children through purposeful investments. We exploit information on the risk and trust attitudes of parents and their children … respect to risk and trust attitudes and thus transmit their own attitudes more strongly. The results are robust to including …

Trust is a concept that has attracted - significant attention in economic theory and research within the last two … experiments claiming to measure trust, and how these different measures are related. Using nationally representative data, we test … a commonly used experimental measure of trust for robustness to a number of interferences, finding it to be mostly …

In recent years, many social scientists have claimed that trust plays an important role in economic and social … transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the … identification of the exact role of trust in economic interactions has proven to be elusive. It is still not clear whether trust is …

This paper presents evidence on causal influence of happiness on social capital and trust using German Socio … endogeneity problem, the paper finds that happier people trust others more, and importantly, help create more social capital …