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Merchant guilds have been portrayed as social networks that generated beneficial social capital by sustaining shared norms, effectively transmitting information, and successfully undertaking collective action. This social capital, it is claimed, benefited society as a whole by enabling rulers to...
Persistent link: https://www.econbiz.de/10011509466
This paper analyzes an early modern German economy to test alternative theories about guilds. It finds little evidence to support recent hypotheses arguing that guilds corrected market failures relating to product quality, training, and innovation. But it finds that guilds were social networks...
Persistent link: https://www.econbiz.de/10011514060
We study the evolution of interest about climate change between different actors of the population, and how the interest of those actors affect one another. We first document the evolution individually, and then provide a model of cross influences between them, that we then estimate with a VAR....
Persistent link: https://www.econbiz.de/10013358947
Economic growth is propelled in part by the accumulation of different kinds of capital, including social capital in its several guises. This paper considers the interplay between financial crises and various aspects of social capital which, if it is allowed to depreciate, can undermine economic...
Persistent link: https://www.econbiz.de/10011288794
capital - especially questions concerning generalized trust or generalized morality - are strongly and significantly …
Persistent link: https://www.econbiz.de/10012252455
and social norms, and trust. In a preregistered online experiment (n = 1,038), we find that biased institutions reduce … compared to no enforcement. We also find that social heterogeneity lowers average trust and induces ingroup favouritism in … trust. Finally, we find consistent evidence of peer effects: higher levels of peer compliance raise future compliance and …
Persistent link: https://www.econbiz.de/10014321962
of social norms and their interplay with weak punishment in the context of a trust game. Across six conditions, we …
Persistent link: https://www.econbiz.de/10012510229
allow them to establish trust and ensure cooperation. We analyze 15 German cartels, focusing on the individual participants …
Persistent link: https://www.econbiz.de/10013362394
We investigate the causal impact of public discourse on socially responsible market behavior. We conduct laboratory market experiments with products that differ in their production costs and social impact, and provide market actors and impacted third parties with the opportunity to discuss...
Persistent link: https://www.econbiz.de/10012271770
We investigate the relationship between social capital and the decision to flee after a fatal road accident. This event is unplanned, and the decision is taken under great emotional distress and time pressure, thus providing a test of whether social capital matters for behaviour in extreme...
Persistent link: https://www.econbiz.de/10013176910