In this paper we study the determinants of citizens’ trust in the European Central Bank during the start-up phase from … 1999-2004. Using a country panel based on the Eurobarometer survey, we find that higher inflation rates reduce trust. Thus … economic growth in the long run. Unemployment does not have a significant impact on trust in the ECB, while unemployment …

Machiavelli advises against delegating the distribution of favors. We test this claim in an experiment, in which an … investor can directly transfer money to a trustee or delegate this decision to another investor. Varying the value of the … initial decision maker if the value of the delegate´s transfer is much higher than the value of the investors transfer. …

experiment with four types of contracts (standard debt contract, outside equity, non-monotonic contract, full-subsidy contract …

’ truth telling is absolute or depends on the size of a lie. In a laboratory experiment we compare punishment for different …

decision to lead. …

laboratory experiment I examine how confessions work. I analyze whether the willingness to punish harmful failures depends on how …

We study the implications of reciprocity on agenda setting in a sequential policy decision. We designed a laboratory … experiment in which a committee decides sequentially on three independent bills. Selfish committee members would turn down all … setters use their power when setting the agenda but are rather generous in the voting decision. Legislators benefiting from …