Using a standard trust game, we elicit trust and reciprocity measures in a representative sample of adult players in … other Latin American countries. We find no statistically significant differences in trust levels of Uruguayans towards … countrymen versus migrants. In reciprocity, we find only marginally significant differences attributable to the nationality of …

player has higher material payoffs, so that reciprocity does not increase equity: For sufficiently strong reciprocity … concerns, the materialistic player ends up with a negligible share of the gains from trade. -- Reciprocity ; Psychological …

Our trust in competition policy is based on faith in markets. When markets are oligopolies, already classical … economists’ trust in competition busted: Oligopolies carry the seeds of collusion. To develop, collusion needs trust between … firms. But new leniency programmes are designed to bust that trust. I discuss when trust busters are likely to succeed and …