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This paper shows, that after observing the investment decisions by firm owners their employees can engage in costly training, thus increasing their general and firm-specific productivity, which also depends on capital endowment...
Persistent link: https://www.econbiz.de/10005845177
environment drives the evolution of trust and trustworthiness through the evolution of moral preferences, and how in turn the … trustworthiness in non-anonymous communities supports the evolution of trust and thus crowds out legal institutions. (...) …
Persistent link: https://www.econbiz.de/10005845210
We experimentally examine how group identity affects trust behaviorin an investment game. In one treatment, group …) to minimal group identityto two-dimensional group identity, we find no significant differencesin trust decisions. However …, trust is significantly and positively correlatedwith contribution decisions, suggesting that "social" trust isbehaviorally …
Persistent link: https://www.econbiz.de/10005866633
Bereits im Jahre 1980 wählte Horst Albach einen spieltheoretischen und experimentellökonomischenZugang zum Vertrauensproblem in der Ökonomik. Dieser Weg wird erneutbeschritten. Es wird aufgezeigt, dass neuere spieltheoretische und experimentelle Arbeitennicht nur die explanativen Grenzen des...
Persistent link: https://www.econbiz.de/10005866636
If the (un)trustworthy are rare, people will talk about them, making their detectionmore reliable and / or less costly. When, however, both types appear in large numbers,detecting (un)trustworthiness will be considerably more difficult and possibly too costly.Based on Güth and Kliemt (2000) we...
Persistent link: https://www.econbiz.de/10005866717
market platforms such as eBay) interact to promote trustworthinessand trust. Our analysis suggests that the costs involved in … crowds out trust and trustworthiness. …
Persistent link: https://www.econbiz.de/10005866721
ideas apply to a game of trust. We discuss whether theflexibility of the approach is a virtue or a vice. …
Persistent link: https://www.econbiz.de/10005866813