pressure index (EMPI) as a measure of regional vulnerability. We find that a high level of regional external liabilities and …

with a low level of trust in government institutions and recognition of high and rising levels of corruption. The findings …

choose with whom within their group they want to play a trust game. Participants observe of each other age, gender …. Participants tend to trust those they trusted before and who trusted them. We do not find evidence of regional discrimination per …

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 …

A vast literature has investigated the relationship between trust and aggregate economic performance. We investigate … the relationship between individual trust and individual economic performance. We find that individual income is hump …-shaped in a measure of intensity of trust beliefs available in the European Social Survey. We show that heterogeneity of trust …

This paper documents a strong positive relationship between individual reported trust levels (obtained from the US … firms). This correlation is robust to the inclusion of all of the previously studied determinants of individual trust, e … competitiveness makes respondents approximately five percent more likely to answer the canonical trust question with a "usually trust …

We study the interplay between competition and trust as efficiency-enhancing mechanims in the private provision of … money. With commitment, trust is automatically achieved and competition ensures efficiency. Without commitment, competition … plays no role. Trust does play a role but requires a lower bound on efficiency. Stationary inflation must be positive and …

. We first show that trust of second-generation Americans is significantly influenced by the country of origin of their … attitudes. We show that trust inherited by second-generation Americans from their country of origins has changed over time. This … result allows us to use the inherited trust of second-generation Americans as a time-varying instrument to track back the …