Showing 1 - 10 of 53
inequality. This paper presents an experiment which disentangles concerns for risk and inequality in a social risk context … individual perspective, but also from a societal one. Many increases in social risk involve a simultaneous increase in risk and … terms of dispersion. We disentangle four types of dispersion: ex ante inequality, ex post inequality, individual risk, and …
Persistent link: https://www.econbiz.de/10011256490
This paper presents a study on the recently proposed linear inequality representation of Arrovian Social Welfare Functions (ASWFs). We first give an alternative proof of the ASWF integer linear inequality representation theorem, and then show several sufficient conditions on preference domains...
Persistent link: https://www.econbiz.de/10011257631
perspective of transaction cost economics indicates why this industry relies on hybrid forms of organisation. Trust between the …
Persistent link: https://www.econbiz.de/10011255594
networks and related high intra-group trust constitute the major reasons for co-ethnic employment by lowering information and …
Persistent link: https://www.econbiz.de/10011256476
not onlymutual trust, like simple exchange, but also a substantial degree of coordination. We examinewhether players are …
Persistent link: https://www.econbiz.de/10011256587
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 …
Persistent link: https://www.econbiz.de/10011256716
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 …
Persistent link: https://www.econbiz.de/10011256981
different dimensions of trust. In thispaper we estimate effects of closure positions on two dimensions of trust (trust in … strongly support the gossip argument for bothdimensions of trust. However, the data only gave weak and ambiguous support for …
Persistent link: https://www.econbiz.de/10011257171
This discussion paper resulted in a publication in the <A href="http://onlinelibrary.wiley.com/doi/10.1111/jems.12037/abstract">Journal of Economics & Management Strategy</A>. Organization differ in the degree to which they differentiate employees by ability. We analyse how the effect of differentiation on employee morale may explain this variation. By comparing...</a>
Persistent link: https://www.econbiz.de/10011256805
In this paper the well-known minimax theorems of Wald, Ville and Von Neumann are generalized under weaker topological conditions on the payoff function f and/or extended to the larger set of the Borel probability measures instead of the set of mixed strategies.
Persistent link: https://www.econbiz.de/10011256240