We present the results of an experiment that attempts to measure the social value of groups. In the experiment, group membership is induced artificially: subjects interact with insiders and outsiders in trust games and periodically enter markets where they can trade group membership. We find...

This paper addresses a particular issue of institutional choice. It is concerned with one aspect of the argument for participatory decision-making structures: how to make sense of the claim that participation can raise productivity because it produces a change in motivation. The argument of the...

This paper offers an explanation of European cross country differences in the trust enjoyed by television. Our argument turns on the way that, while there is significant public ownership of television in all countries (so that trust in broadcasting as a whole is bound to depend importantly on...

type="main" xml:lang="en" <title type="main">SUMMARY</title> </section> <title type="main">Public service broadcasting</title> <p> The television broadcasting industry is subject to an exceptionally high level of public intervention, but one of the reasons for this, the absence of competition, is fast disappearing as households become multi-channel. This paper...</p>