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Social capital defined as sympathy has capital-like properties including transformaton capacity, durability, flexibility, opportunities for decay (maintenance), reliability, ability to create other capital forms and investment (disinvestment) opportunities
Persistent link: https://www.econbiz.de/10014126364
The purpose of this paper is to model trust in a principal-agent relationship in which the alternative to trusting is a … costly action taken by a principal to observe and verify an agent's performance. In this model a decision not to trust is a … decision to monitor rather than quit, where monitoring is recognized as one imperfect, though plausible, substitute for trust …
Persistent link: https://www.econbiz.de/10014121026
This paper examines the concepts of trust and trustworthiness in the context of a one-sided variation of the prisoner … on the creation of incentives to induce cooperation, this paper articulates a paradox of trust in that if one trusts … gives trust its very meaning. The paper explores the implications of trust when understood to exist at two levels - one in …
Persistent link: https://www.econbiz.de/10014121487
This paper presents a model of trust in which a principal chooses either to trust or monitor an agent who, in turn …, chooses either to honor or exploit that trust. The principal's decision of whether to trust or monitor is based on the … relative temptation an agent faces to exploit the principal's trust, which comprises two elements - the environmental …
Persistent link: https://www.econbiz.de/10014121715
This paper examines the concepts of trust and trustworthiness in the context of a one-sided variation of the prisoner … on the creation of incentives to induce cooperation, this paper articulates a paradox of trust in that if one trusts … gives trust its very meaning. The paper explores the implications of trust when understood to exist at two levels - one in …
Persistent link: https://www.econbiz.de/10014121717
In one-shot social dilemma experiments, cooperation rates dramatically increase if subjects are allowed to communicate before making a choice. There are two possible explanations for this "communication effect". One is that communication enhances group identity, the other is that communication...
Persistent link: https://www.econbiz.de/10014122929
In recent decades, the immigration of workers and refugees to Europe has increased substantially, and the composition of the population in many countries has consequently become much more heterogeneous in terms of ethnic background. If people exhibit in-group bias in the sense of being more...
Persistent link: https://www.econbiz.de/10013130420
Economists are increasingly interested in how group membership affects individual behavior. The standard method assigns individuals to “minimal” groups, i.e. arbitrary labels, in a lab. But real groups often involve social interactions leading to social ties between group members. Our...
Persistent link: https://www.econbiz.de/10013107088
This paper analyzes how private decisions and public policies are shaped by personal and societal preferences ("values"), material or other explicit incentives ("laws") and social sanctions or rewards ("norms"). It first examines how honor, stigma and social norms arise from individuals'...
Persistent link: https://www.econbiz.de/10013111214
This paper asks whether the gap in subjective happiness between spouses matters per se, i.e. whether it predicts divorce. We use three panel databases to explore this question. Controlling for the level of life satisfaction of spouses, we find that a higher satisfaction gap, even in the first...
Persistent link: https://www.econbiz.de/10013153309