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…
This paper explores the dynamics of transparency. It asks why some government-created systems of disclosure improve over time while others…
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…
We seek to contribute to the debate over globalization and the environment by asking: What is the effect of trade on a country's…
In the late 1990s, the U.S. Environmental Protection Agency (EPA) conducted what the agency considered to be a "bold experiment" in…