start. The results suggest pronounced elements of overconfidence, egoism and (biased) reciprocity in behaviour, which may …

We study fairness and reciprocity in a Hawk-Dove game. This alllows us to test various models in one framework. We …

paper, Knack and Keefer (1997) assess the effect of trust on growth. This paper analyses the robustness of their results … the relationship between trust and growth in terms of both the size and the significance of the estimated effect, is … highly dependent on the set of conditioning variables. An answer to the question whether there is an economic payoff of trust …

for employees to work in co-ethnic firms. It argues that strong social networks and related high intra-group trust …

suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the "mystery of missing trade" can be attributed to … the lack of trust between trading partners, e.g. because of cultural differences and habits, or because of insufficient …

We study the effects of competition in a context in which people's actions can not be contractually fixed. We find that … in such an environment the very presence of competition does neither increase efficiency nor does it yield any payoff … gains for the short side of the market. We also find that competition has a strong negative impact on social well-being, the …

requires not only mutual trust, like simple exchange, but also a substantial degree of coordination. We examine whether players …