Now showing items 1-2 of 2

    • Escobar Castro, Juan; Pulgar, Carlos (Elsevier, 2017)
      In practice, incentive schemes are rarely tailored to the specific characteristics of contracting parties. However, according to economic theory, optimal contracts should be highly dependent on individual conditions. We ...
    • Balmaceda, Felipe; Escobar Castro, Juan (Elsevier, 2017)
      This paper studies which social networks maximize trust and welfare when agreements are implicitly enforced. We study a repeated trust game in which trading opportunities arise exogenously and a social network determines ...