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Empirical work on Akerlof's theory of gift exchange in labor markets has concentrated on the fair wage-effort hypothesis. In fact, however, the theory also contains a social component that stipulates that homogenous agents that are employed for the same wage level will exert more effort,...
Persistent link: https://www.econbiz.de/10013108598
Trust is a concept that has attracted - significant attention in economic theory and research within the last two … experiments claiming to measure trust, and how these different measures are related. Using nationally representative data, we test … a commonly used experimental measure of trust for robustness to a number of interferences, finding it to be mostly …
Persistent link: https://www.econbiz.de/10012764220
We study the intrapersonal relationship between trust and reciprocity in a laboratory experiment. Reciprocal subjects … trust significantly more than selfish ones. This finding raises questions about theories of social preferences which predict … that "fairer" players should trust less …
Persistent link: https://www.econbiz.de/10013316844
We propose that religion impacts trust and trustworthiness in ways that depend on how individuals are socially … are, as well as actual trust and trustworthiness are measured incentive compatibly. We find that interpersonal similarity … in religiosity and affiliation promote trust through beliefs of reciprocity. Religious participants also believe that …
Persistent link: https://www.econbiz.de/10013001857
We examine the influence of guilt and trust on the performance of credence goods markets. An expert can make a promise … to a consumer first, whereupon the consumer can express her trust by paying an interaction price before the expert …
Persistent link: https://www.econbiz.de/10013146471
relevant events. We conduct trust game experiments where the amount sent back by the second player (trustee) is exogenously …
Persistent link: https://www.econbiz.de/10013148347
and social norms, and trust. In a preregistered online experiment (n = 1,038), we find that biased institutions reduce … to no enforcement. We also find that social heterogeneity lowers average trust and induces ingroup favouritism in trust … positively into norms and trust. Our study contributes to the literature on behavioural responses to institutional design and …
Persistent link: https://www.econbiz.de/10014346014
What determines people's moral judgments of selfish behaviors? Here we study whether people's normative views in trust …
Persistent link: https://www.econbiz.de/10013078831
Persistent link: https://www.econbiz.de/10011911886
There is now an extensive literature on "gift exchange" showing that when principals and agents can trade "gifts" (rewards that should not emerge in a competitive equilibrium), exchange becomes more efficient. However, it is not obvious how gift exchange should be organized if the principal's...
Persistent link: https://www.econbiz.de/10012957473