For stakeholders in the payment system seeking to influence the usage of specific payment instruments, it is important to know what drives consumers' choice of payment instrument. However, little is known about how the social environment influences payment behaviour. This study fills this gap by...

Trust creates vulnerability to exploitation. This paper approaches this paradox by comparing the exploitability of categorical trust within social groups to the deterrent effect of categorical distrust between rival groups. The empirical setting is a 2008 stockbrokerage fraud perpetrated on an...

Why people conform to social norms? Answering this question has important implications for economic development and institutional reforms. Posner (2000a, p. 3) argue that law and economics have no compelling answers. In this paper, we investigate the role of social norms in shaping people's law...

It appears intuitive that technological advances and economic growth are closely related. This is evident by the fact that technologically advanced nations also have a developed economy. Technological advances of a country are based on the research done in various areas by the respective nation....

Backed by peaceful but undemocratic presidential (2010, 2015) and legislative (2013) elections the Gnassingbé regime consolidated its power. In view of the absolute majority of the ruling party, its inclination for meaningful constitutional and electoral reforms, as demanded by the opposition...

We study some recent developments and challenges in the empirics of the effects of social networks. We focus in particular on researchers' ability to make policy recommendations based on a standard linear econometric model. We examine the potential compatibility between this type of econometric...

Political mobilization of business forces in the post-communist world has crucial implications for economic development and civil society. The emergence of strong cross-sectoral business associations during Putin's presidency challenges the prevailing view of Russia's political economy as an...

This paper addresses the puzzle of why the inclusion of non-financial social justice or religious criteria by professional fund managers has been so popular in Malaysia and yet has had to date relatively little influence in the United States stock market. Drawing from over 125 ethnographic...

In this paper we address the issue of the role of ideology and political preferences of publicly engaged economists and contribute to the debate on consensus in economics. To do so, we conduct a social network analysis on the signatories of economist petitions, which we identify as one channel...