Trust, but verify?: monitoring, inspection costs, and opportunism under limited observability
Is feedback on trustworthiness necessary for the functioning of economic relationships? In many real-world economic environments, such feedback can at best be acquired through costly monitoring, raising questions of how trust and efficiency can be maintained. In the lab, we conduct a modified finite...
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| Main Authors: | , |
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| Format: | Article (Journal) |
| Language: | English |
| Published: |
12 August 2017
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| In: |
Journal of economic behavior & organization
Year: 2017, Volume: 142, Pages: 320-330 |
| ISSN: | 1879-1751 |
| DOI: | 10.1016/j.jebo.2017.07.028 |
| Online Access: | Verlag, Volltext: http://dx.doi.org/10.1016/j.jebo.2017.07.028 Verlag, Volltext: http://www.sciencedirect.com/science/article/pii/S0167268117302068 
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| Author Notes: | Timo Goeschl, Johannes Jarke |