Gräbner-Radkowitsch, Claudius; Elsner, Wolfram; … - 2017 - This version: November 27 2017 (first revision)
We study the functioning of informal value transfer systems (IVTS) with the example of Hawala. More precisely, we use computational experiments to study the roles of generalized trust and social control for the stability and efficiency of IVTS. Previous literature was ambiguous with regard to:...