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2010-05-20Buch DOI: 10.18452/4256
Social Relationships and Trust
dc.contributor.authorBinzel, Christine
dc.contributor.authorFehr, Dietmar
dc.date.accessioned2017-06-16T00:08:51Z
dc.date.available2017-06-16T00:08:51Z
dc.date.created2010-05-27
dc.date.issued2010-05-20
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4908
dc.description.abstractWhile social relationships play an important role for individuals to cope with missing market institutions, they also limit individuals' range of trading partners. This paper aims at understanding the determinants of trust at various social distances when information asymmetries are present. Among participants from an informal housing area in Cairo we find that the increase in trust following a reduction in social distance comes from the fact that trustors are much more inclined to follow their beliefs when interacting with their friend. When interacting with an ex-ante unknown agent instead, the decision to trust is mainly driven by social preferences. Nevertheless, trustors underestimate their friend's intrinsic motivation to cooperate, leading to a loss in social welfare. We relate this to the agents' inability to signal their trustworthiness in an environment characterized by strong social norms.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectsolidarityeng
dc.subjecttrusteng
dc.subjecthidden actioneng
dc.subjectsocial distanceeng
dc.subjectreciprocityeng
dc.subjecteconomic developmenteng
dc.subject.ddc330 Wirtschaft
dc.titleSocial Relationships and Trust
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-100111411
dc.identifier.doihttp://dx.doi.org/10.18452/4256
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages36
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2010
local.edoc.container-issue28
local.edoc.container-year2010
local.edoc.container-erstkatid2195055-6

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