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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’ behaviors...
Persistent link: https://www.econbiz.de/10009371470
Empirical studies have shown that preferences for redistribution are significantly correlated with expectations of future mobility and the belief that society offers equal opportunities. We add to previous research by investigating the role of individual and social norms on rent seeking. We find...
Persistent link: https://www.econbiz.de/10010381041
, existing theories rooted in market failure and government failure have focused on various forms of trust, but have paid little … attention to fear. We test how fear and trust shape demand for government regulation by drawing on especially precise measures … fear of contracting the virus is directly related to greater demand for regulation. In addition, the impact of trust is …
Persistent link: https://www.econbiz.de/10014290066
Persistent link: https://www.econbiz.de/10012510183
This paper intends to analyze the foundations of trust in a context of bounded rationality. Building on previous work …, we show how bounded rationality provides a rationale for the concept of trust that goes beyond the common calculative … notion. We show that there are four types of trust, and that people assess probabilities (with some fuzziness, in the context …
Persistent link: https://www.econbiz.de/10010936731
, existing theories rooted in market failure and government failure have focused on various forms of trust, but have paid little … attention to fear. We test how fear and trust shape demand for government regulation by drawing on especially precise measures … fear of contracting the virus is directly related to greater demand for regulation. In addition, the impact of trust is …
Persistent link: https://www.econbiz.de/10013473338
This paper analyzes the relations between social capital, institutions and trust.These concepts are full of ambiguity … and confusion.This paper attempts to dissolve some of the confusion, by distinguishing trust and control, and analyzing … institutional and relational conditions of trust.It presents a tool for the analysis of the foundations of trust and a diagnosis of …
Persistent link: https://www.econbiz.de/10011092754
This chapter reviews some key points in the analysis of trust, based on Nooteboom (2002)i.The following questions are … addressed.What can we have trust in?What is the relation between trust and control?What are the sources of trust? And what are … its limits?By what process is trust built up and broken down?What are the psychological mechanisms involved?The chapter …
Persistent link: https://www.econbiz.de/10011090429
that direction, it summarizes and discusses an agentbased model of the build-up and adaptation of trust between multiple … producers and suppliers.The central question is whether, and under what conditions, trust and loyalty are viable in markets ….While the model incorporates some well known behavioural phenomena from the trust literature, more extended modeling of human …
Persistent link: https://www.econbiz.de/10011092096
We model the dynamic effects of external enforcement on the exploitation of a common pool resource. Fitting our model to the results of experimental data we find that institutions influence social preferences. We solve two puzzles in the data: the increase and later erosion of cooperation when...
Persistent link: https://www.econbiz.de/10005597290