Narrow search
Showing 1 - 10 of 340
Cover Image
The neoclassicals' conundrum: If Adam Smith is the father of economics, it is a bastard child
Valdes Viera, Oscar - 2017
Neoclassical economists of the current era frequently pay lip service to Adam Smith's theories to certify the validity of natural-laws-based, laissez-faire policies. However, neoclassical theories are fundamentally disconnected from Adam Smith's notion of value, his understanding of the economic...
Persistent link: https://www.econbiz.de/10011784683
Cover Image
Is There Room for 'Fear' as a Human Passion in the Work by Adam Smith?
Parisi, Daniela - 2014
The sciences tell us that fears are physical feelings and mental emotions that play a key role in any society. Not many issues related to fear are explored by economists today. The aim of this paper is to go backwards through the history of economic thought, and examine if and how Adam Smith...
Persistent link: https://www.econbiz.de/10011739582
Cover Image
Effects of institutional history and leniency on collusive corruption and tax evasion
Buckenmaier, Johannes; Dimant, Eugen; Mittone, Luigi - 2018
We investigate the effects of an institutional mechanism that incentivizes taxpayers to blow the whistle on collusive corruption and tax compliance. We explore this through a formal leniency program. In our experiment, we nest collusive corruption within a tax evasion framework. We not only...
Persistent link: https://www.econbiz.de/10011969206
Cover Image
The causal effect of trust
Bartling, Björn; Fehr, Ernst; Huffman, David; Netzer, Nick - 2018
Trust affects almost all human relationships - in families, organizations, markets and politics. However, identifying the conditions under which trust, defined as people's beliefs in the trustworthiness of others, has a causal effect on the efficiency of human interactions has proven to be...
Persistent link: https://www.econbiz.de/10011969215
Cover Image
Redistributional preferences and imposed institutions
Chong, Alberto; Gradstein, Mark - 2006
To what extent do imposed institutions shape preferences? We consider this issue by comparing the market …
Persistent link: https://www.econbiz.de/10010278291
Cover Image
The complementary nature of trust and contract enforcement
Bartling, Björn; Fehr, Ernst; Huffman, David; Netzer, Nick - 2021
Under weak contract enforcement the trading parties' trust, defined as their belief in other's trustworthiness, appears important for realizing gains from trade. In contrast, under strong contract enforcement beliefs about other's trustworthiness appear less important, suggesting that trust and...
Persistent link: https://www.econbiz.de/10012420691
Cover Image
Do institutions Matter for economic performance? Theoretical insights and evidence from Turkey
Çetin, Tamer; Çiçen, Yıldırım B.; Eryiğit, Kadir Y. - 2016
This paper studies whether institutions matter for economic performance. For this aim, we first construct a simple … framework illustrating how to examine the interaction between institutions and economic performance from a different point of … interaction between institutions and economic performance in Turkey. Co-integration analysis finds a long-run relationship between …
Persistent link: https://www.econbiz.de/10011696307
Cover Image
The complementarity between trust and contract enforcement
Bartling, Björn; Fehr, Ernst; Huffman, David; Netzer, Nick - 2021
Under weak contract enforcement the trading parties' trust, defined as their belief in other's trustworthiness, appears important for realizing gains from trade. In contrast, under strong contract enforcement beliefs about other's trustworthiness appear less important, suggesting that trust and...
Persistent link: https://www.econbiz.de/10012513587
Cover Image
Do traders learn to select efficient market institutions?
Alós-Ferrer, Carlos; Buckenmaier, Johannes; … - 2020
When alternative market institutions are available, traders have to decide both where and how much to trade. We … returns to scale, both institutions remain active and coordination is slower. The reason is that, in a finite-horizon setting … predictions (market clearing) within each institution, but switching behavior across institutions is explained by simple rules of …
Persistent link: https://www.econbiz.de/10012294282
Cover Image
Costs and benefits of congestion in two-sided markets: Evidence from the dating market
Lehmann, Tobias; Terrier, Camille; Lalive, Rafael - 2023
Congestion is a widespread phenomenon in two-sided markets, but evidence on its costs and benefits is limited. Using data from an online dating platform, we document a large excess demand, or congestion, for some women. By exploiting exogenous variation in the number of men and women using the...
Persistent link: https://www.econbiz.de/10014480411