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Institutions are important for proper economic performance, but are replaceable by trust or other social norms. We show that when proper institutions and trust are missing, integrity of the individuals can replace them. We construct a model of a transactions-based economy with contracts...
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Social trust is linked to many desirable economic and social outcomes, but the causality between trust and institutions is debated. Using new data from a representative sample of 2,668 Swedish expatriates (surveyed in the SOM Institute's Swedish Expatriate Survey 2014), we use variation in time...
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The present paper analyzes determinants of confidence in public institutions. In both theoretical literature and … empirical research, a link between social trust and institutional confidence has been established. The present paper casts … determinant of institutional confidence proves to be satisfaction with policy outputs. Institutional trust is in general …
Persistent link: https://www.econbiz.de/10013140567
Informal market institutions and small-scale traders are responsible for feeding Nigerian cities. This study analyses a range of economic relationships and institutions that have evolved in the context of inadequate formal institutions such as banks and legal contracts. Through examining both...
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