It has been claimed that the market fosters selfishness and thereby undermines the moral basis of society. This thesis has been developed with an emphasis on market exchange. Everyday life is, however, predominantly shaped by interactions in the workplace rather than by shopping behaviour. This...

It has been claimed that the market fosters selfishness and thereby undermines the moral basis of society. This thesis has been developed with an emphasis on market exchange. Everyday life is, however, predominantly shaped by interactions in the workplace rather than by shopping behaviour. This...

This chapter focuses on neighborhood effects in housing markets. Households in effect choose neighborhood effects, or more generally social interactions, via their location decisions, which renders them endogenous. Across several classes of models that it examines, it emphasizes how we may...

The idea that people follow trust norms when making trust decisions is developed in an evolutionary model of adaptive play by boundedly rational agents. Because it neither implies nor is it implied by cooperation, trust is not modelled as cooperation in a Prisoners' Dilemma but as a coordination...

This article establishes that there are significant social influences on the decisions made by individuals about whether to trust others. These social interactions effects may arise from exogenous-environmental characteristics or from endogenous effects that make people conform to the particular...

Interpersonal trust (i.e. trust in other people) is an issue of high interest to both policy-makers and researchers seeking to understand what drives social and economic outcomes. However, for trust to usefully inform policy and analysis it is necessary to have valid and reliable measures of it....