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We experimentally examine the effects of price competition in markets for expe-rience goods where sellers can build up reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed (somewhere between the endogenous oligopoly and...
Persistent link: https://www.econbiz.de/10011213915
We show that the standard trust question routinely used in social capital research is importantly related to … others’ cooperation. We find that the standard trust question is a proxy for cooperation preferences rather than beliefs … trust question, is also related to cooperation behavior but operates through beliefs rather than preferences. …
Persistent link: https://www.econbiz.de/10009325735
We study the effects of reputation and competition in a trust game. If trustees are anonymous, outcomes are poor …: trustees are not trustworthy, and trustors do not trust. If trustees are identifiable and can, hence, build a reputation … minimal information, eliminates the trust problem almost completely. …
Persistent link: https://www.econbiz.de/10011049711
We show that the standard trust question routinely used in social capital research is importantly related to … others' cooperation. We find that the standard trust question is a proxy for cooperation preferences rather than beliefs … trust question, is also related to cooperation behavior but operates through beliefs rather than preferences. …
Persistent link: https://www.econbiz.de/10011310730
Research on social capital routinely relies on survey measures of trust which can be collected in large and … about others' cooperation. Our analysis suggests that the standard trust question used in the World Values Survey is a proxy … recently proposed alternative to the standard trust question, seems to operate through beliefs rather than preferences. …
Persistent link: https://www.econbiz.de/10011056169
driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and …
Persistent link: https://www.econbiz.de/10005792278
We show that the standard trust question routinely used in social capital research is importantly related to … internet in Denmark and find that the trust question is a proxy for cooperation preferences rather than beliefs about others … recently proposed alternative to the “trust question”, is also related to cooperation behavior but operates through beliefs …
Persistent link: https://www.econbiz.de/10008559153
anonymous, such markets perform poorly: sellers are not trustworthy, and buyers do not trust sellers. If sellers are …, we find that competition, coupled with some minimal information, eliminates the trust problem almost completely. …
Persistent link: https://www.econbiz.de/10005136615
anonymous, such markets perform poorly: sellers are not trustworthy, and buyers do not trust sellers. If sellers are …, we find that competition, coupled with some minimal information, eliminates the trust problem almost completely. …
Persistent link: https://www.econbiz.de/10005233014
We experimentally examine the effects of price competition in markets for expe-rience goods where sellers can build up reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed (somewhere between the endogenous oligopoly and...
Persistent link: https://www.econbiz.de/10010500562