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Trust and contracts : empirical evidence

D'Acunto, Francesco; Xie, Jin; Yao, Jiaquan - 2020

Trust between parties should drive the negotiation and design of contract: if parties did not trust each others' reaction to unplanned events, they might agree to pay higher costs of negotiation to complete contracts. Using a unique sample of U.S. principal-agent consulting contracts and a...

Persistent link: https://www.econbiz.de/10012318377

Early-life circumstances predict measures of trust among adults : evidence from hunger episodes in post-war Germany

Hörl, Maximiliane; Kesternich, Iris; Smith, James P.; … - 2016

Can a major shock in childhood permanently shape trust? We consider a hunger episode in Germany after WWII and construct a measure of hunger exposure from official data on caloric rations set monthly by the occupying forces providing regional and temporal variation. We correlate hunger exposure...

Persistent link: https://www.econbiz.de/10011540782

Joint confidence sets for structural impulse responses

Inoue, Atsushi; Kilian, Lutz - 2016

bootstrap, allowing the construction of asymptotically valid joint confidence sets for any subset of structural impulse … represent the joint confidence sets in the form of "shotgun plots" rather than joint confidence bands for impulse response … functions. Several empirical examples demonstrate that this approach not only conveys the same information as confidence bands …

Persistent link: https://www.econbiz.de/10011421682

Evolutionary norm enforcement

Güth, Werner; Ockenfels, Axel - 2000

Applying an indirect evolutionary approach with endogenous preference formation, we show that a legal system can induce players to reward trust even if material incentives dictate to exploit trust. By analyzing the crowding out or crowding in of trustworthiness implied by various verdict rules,...

Persistent link: https://www.econbiz.de/10009781609

Political entrenchment and GDP misreporting

Chan, Ho Fai; Frey, Bruno S.; Skali, Ahmed; Torgler, Benno - 2019

By examining discrepancies between officially reported GDP growth figures and the actual economic growth implied by satellite-based night time light (NTL) density, we investigate whether democracies manipulate officially reported GDP figures, and if so, whether such manipulation pays political...

Persistent link: https://www.econbiz.de/10012022263

Measuring ethnic stratification and its effect on trust in Africa

Hodler, Roland; Srisuma, Sorawoot; Vesperoni, Alberto; … - 2018

We define and axiomatically characterize an index of ethnic stratification that measures the extent to which the hierarchy in socio-economic positions across the individuals of a society follows ethnolinguistic lines. This index generalizes the idea of between-group inequality to situations...

Persistent link: https://www.econbiz.de/10011942823

Determinants of trust : the role of personal experiences

Schwerter, Frederik; Zimmermann, Florian - 2019

Social interactions pervade daily life and thereby create an abundance of social experiences. Such personal experiences likely shape what we believe and who we are. In this paper, we ask if and how personal experiences from social interactions determine individuals' inclination to trust others?...

Persistent link: https://www.econbiz.de/10011987073

Trust, investment and competition : theory and evidence from German car manufacturers

Calzolari, Giacomo; Felli, Leonardo; Koenen, Johannes; … - 2019

Based on data from a comprehensive benchmarking study on buyer-supplier relationships in the German automotive industry, we show that more trust in a relationship is associated with higher idiosyncratic investment by suppliers and better part quality - but also with more competition among...

Persistent link: https://www.econbiz.de/10012026390

The nature of conflict

Arbath, Cemal Eren; Ashraf, Quamrul H.; Galor, Oded - 2015

This research establishes that the emergence, prevalence, recurrence, and severity of intrastate conflicts in the modern era reflect the long shadow of prehistory. Exploiting variations across national populations, it demonstrates that genetic diversity, as determined predominantly during the...

Persistent link: https://www.econbiz.de/10011309623

Gatekeeping versus monitoring : evidence from a case with extended self-reporting of sickness absence

Torsvik, Gaute; Vaage, Kjell - 2014

We examine the impact of a policy reform that gave employees in a municipality extended rights to self-declare sickness absence. To identify the effect of bypassing the physician as an absence certifier we contrast the development of absence in the reform municipality with absence in similar...

Persistent link: https://www.econbiz.de/10010461267

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