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We study the interplay of inequality and trust in a dynamic game, in which trust increases efficiency and thus allows … higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with … equal endowments, but decreases over time. In a treatment with unequal endowments, trust is initially lower yet remains …
Persistent link: https://www.econbiz.de/10010264271
efficiency, it also exhibits a kind of public goods problem in that, unlike in the partners market, the benefits of trust and …
Persistent link: https://www.econbiz.de/10014066626
We study the interplay of inequality and trust in a dynamic game, in which trust increases efficiency and thus allows … higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with … equal endowments, but decreases over time. In a treatment with unequal endowments, trust is initially lower yet remains …
Persistent link: https://www.econbiz.de/10012773325
We conducted a controlled field experiment on eBay and examined to what extent both social and competitive laboratory behavior is robust to institutionally complex real world markets with experienced traders, who selected themselves into these markets. EBay's natural trading system provides...
Persistent link: https://www.econbiz.de/10010264320
Many Internet markets rely on feedback systems', essentially social networks of reputation, to facilitate trust and … market encounters are one-shot) most frequently enhances trust and trustworthiness, and always increases total gains … each other) in promoting trust and trustworthiness if the market is sufficiently competitive. We conclude that, overall …
Persistent link: https://www.econbiz.de/10010264338
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
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
Trust that suppliers and buyers will keep their word is a necessary ingredient to a wellfunctioning marketplace …, putting them out of the reach ofthe legal safeguards and the long-term relationships that build trust in the brick …
Persistent link: https://www.econbiz.de/10005867032
that, unlike the partner market, the benefits of trust and trustworthy behavior go to the whole community and are not …
Persistent link: https://www.econbiz.de/10005867033
environment drive the evolution of trust and trustworthiness through the evolution of moral preferences, and how in turn the … in non-anonymous communities supports the evolution of trust and thus crowds out legal institutions. If anonymous … emergence of trust. …
Persistent link: https://www.econbiz.de/10005867083