Showing 1 - 10 of 10
We study the interplay of inequality and trust in a dynamic game, in which trust increases efficiency and thus allows … higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with … equal endowments, but decreases over time. In a treatment with unequal endowments, trust is initially lower yet remains …
Persistent link: https://www.econbiz.de/10012773325
We conduct a field experiment in a naturally occurring labor environment and track whether the performance of workers responds to unexpected wage increases. Specifically, we investigate how the timing of wage increases affects efforts. We find that workers' performance is about 11% higher for...
Persistent link: https://www.econbiz.de/10013050418
We conduct a field experiment in a naturally occurring labor environment and track whether the performance of workers responds to unexpected wage increases. Specifically, we investigate how the timing of wage increases affects efforts. We find that workers’ performance is about 11% higher for...
Persistent link: https://www.econbiz.de/10010877759
We document an increase in the scoring probability from penalties in soccer, which separates the time period before 1974 significantly from that after 1976: the scoring probability increased by 11%. We explain this finding by arguing that the institution of penalty-shooting before 1974 is best...
Persistent link: https://www.econbiz.de/10013317057
Many Internet markets rely on ‘feedback systems’, essentially social networks of reputation, to facilitate trust and … market encounters are one-shot) most frequently enhances trust and trustworthiness, and always increases total gains … each other) in promoting trust and trustworthiness if the market is sufficiently competitive. We conclude that, overall …
Persistent link: https://www.econbiz.de/10005766257
We conducted a controlled field experiment on eBay and examined to what extent both social and competitive laboratory behavior is robust to institutionally complex real world markets with experienced traders, who selected themselves into these markets. EBay’s natural trading system provides...
Persistent link: https://www.econbiz.de/10005181559
Persistent link: https://www.econbiz.de/10005405818
We study the interplay of inequality and trust in a dynamic game, in which trust increases efficiency and thus allows … higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with … equal endowments, but decreases over time. In a treatment with unequal endowments, trust is initially lower yet remains …
Persistent link: https://www.econbiz.de/10005416497
trust and trustworthiness in anonymous transactions. Market competition creates incentives that arguably may enhance or curb … strangers networks (where market encounters are one-shot) most frequently enhances trust and trustworthiness, and always … maintain repeated exchange with each other) in promoting trust and trustworthiness if the market is sufficiently competitive …
Persistent link: https://www.econbiz.de/10012751561
As the Internet economy has grown, so too has the need for trust. A degree of trust is a critical ingredient in … virtually all economic relationships, Internet or otherwise. Every day we choose to trust plumbers, doctors, employers …, employees, teachers, airlines, and others. The need for trust arises from the fact that we cannot contract on every move other …
Persistent link: https://www.econbiz.de/10013316582