is enormous: billionaires. We explore the relationship between economic development, institutions, and these contrasting … kinds of entrepreneurs. We find that the institutions consistent with self-employed entrepreneurs differ markedly from the … ones consistent with billionaires. Further, only the latter are consistent with the institutions that underlie economic …

institutions. We present an alternative way of generalizing the notion of entrepreneurship and show how and why it encompasses the … of institutions constitutes an important set of entrepreneurial profit opportunities. An implication of this is that … entrepreneurial efforts to reform or offset inefficient institutions can in some cases be welfare-improving. …

perceived institutional quality, as measured by citizens' expressed willingness to abide by key formal institutions. This …

that sharing economy services do not require high levels of social trust to succeed. Rather, they provide institutions that … services) is typically assumed to be closely related to social trust. The two sharing economy companies Airbnb and Flipkey … exist in over 100 countries, allowing us to construct a measure of sharing economy penetration to test against social trust …

Social and cultural determinants of economic institutions and outcomes have come to the forefront of economic research … autocracies), which suggests that religiosity affects the way institutions work through the political process. Individual …

institutions and norms (such as corruption perceptions, average trust levels and various aspects of economic freedom) on social …Social trust is linked to many desirable economic and social outcomes, but the causality between trust and institutions … trust. The results suggest that individual trust suffers in countries with high corruption, low trust and low legal quality …

Trust and entrepreneurship are seen as key ingredients of long-term prosperity. However, it is not clear how these two … the relationship between trust and entrepreneurship, by proposing two mechanisms relating trust to entrepreneurship by … employees, so-called intrapreneurship. We hypothesize that generalized trust influences the prevalence of intrapreneurship in an …

We ask whether, as many seem to think, corruption worsens, and judicial accountability improves, inequality, and … investigate this empirically using data from 145 countries 1960.2014. We relate perceived corruption and de facto judicial … accountability to gross-income inequality and consumption inequality. The study shows that corruption is negatively, and that …

and multilevel trust. To illustrate this point, a closer investigation of Sweden - a decentralised, high-trust and low-corruption … corruption has not been accompanied by institutions that ensure transparency and checks-and-balances in local government … country - is conducted. Looking back over the past 20 years, and studying several indicators of trust, Sweden turns out to be …