Showing 11 - 20 of 65,425
Persistent link: https://www.econbiz.de/10012154219
Persistent link: https://www.econbiz.de/10011761852
Persistent link: https://www.econbiz.de/10010417532
Persistent link: https://www.econbiz.de/10010501283
The paper studies the link between corruption and social capital (measured as trust), using data from a lab experiment. Subjects play either a harassment bribery game or a strategically identical but differently framed ultimatum game, followed by a trust game. In a second experiment, we elicit...
Persistent link: https://www.econbiz.de/10011455846
Persistent link: https://www.econbiz.de/10015062837
Persistent link: https://www.econbiz.de/10013426675
The model of Lagos and Wright [9] alters the meeting friction of the typical search model of money to obtain degeneracy in equilibrium holdings and enhance analytical tractability. It introduces a round of Walrasian ‘centralized' trading after each round of bilateral random ‘decentralized'...
Persistent link: https://www.econbiz.de/10013039824
Monetary theorists have advanced an intriguing notion: we exchange money to make up for a lack of enforcement, when it is difficult to monitor and sanction opportunistic behaviors. We demonstrate that, in fact, monetary equilibrium cannot generally be sustained when monitoring and punishment...
Persistent link: https://www.econbiz.de/10010226612
Persistent link: https://www.econbiz.de/10003410497