Repeat transactions are not necessarily the rule in today's global economy. Indirect reputation systems, where buyers base their decisions…
This paper examines whether trust is an investment decision under uncertainty, based on the expectation of trustworthiness, and whether…
Besides deterring people, laws may affect behavior by changing preferences or beliefs. A law may elicit intrinsic motivation by framing an…
Coordinated electricity spot markets support open access to existing transmission grids. Associated financial transmission rights provide…
Using experiments, we examine whether the decision to trust a stranger in a one-shot interaction is equivalent to taking a risky bet, or if…