The effect of the financial crisis on systemic trust

Policymakers throughout Europe are faced with the challenge of re-establishing trust, and especially systemic or institutional trust, that has been lost in the wake of the financial crisis. This paper looks at recent empirical evidence concerning the reaction to the crisis in terms of citizens’ diminished levels of systemic trust. Special attention is paid to the confidence invested in political institutions at the European and the national level, on the one hand, and in the free market economy, on the other.     

Einkommensentwicklung und Bevölkerungsbewegung

Ohne ZusammenfassungMit 3 Textabbildungen     

Duplik zur vorstehenden „Erwiderung“ F. Mertschs

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Zur Problematik des „Volkseinkommens“ und seiner statistischen Berechnung

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Kausalität und Funktionalität in der Wirtschaftstheorie

Ohne Zusammenfassung Schlu? folgt     

Information regulation: Do the victims of externalities pay attention?

Individuals living in metropolitan areas are exposed to a large number of industrial risks. Information regulation is a new tool to manage such risks. We ask if large-scale information initiatives directed at the general public can affect individual risk perceptions. The answer is affirmative. Using the publication of the Toxics Release Inventory as a case study, we find a decline in predicted property values when new information on pollution became available, indicating that homebuyers adjusted their risk perceptions upward. The response, however, is limited to sources of toxic emissions that are located at a moderate distance from the properties in our sample.      

Charging parking by the minute: What to expect from this parking pricing policy?

In the days when parking had to be charged by a person or a mechanical device, it made sense to charge by blocks of time. However, these days, computers are capable of charging by the minute (or second if an operator so chooses), so technically there is no need for block pricing and the pricing strategy can be a policy decision. Operators, in one hand, are unaware of the impact of this measure on parking turnover and may believe that daily income will be affected. Businesses, on the other hand, will want to know if the measure has an effect on whether or not trips motivated by non-social activities will be carried out, given that they are spontaneous and are directly related to a client's perception. Finally, practical implications in terms of client response have not been studied, since smaller charging blocks may be considered as a disincentive to make additions to stay duration; this has repercussions on turnover and consequently on wait time at the entrance. This paper covers the abovementioned topics based on a study carried out in Barcelona (Spain).     

Green Alliances: Are They Beneficial when Regulated Firms are Asymmetric?

Journal of Industry, Competition and Trade - In this paper, we analyze the collaboration between an environmental group (EG) and polluting firms when they are asymmetric in their abatement costs....     

The Role of Authentic (vs. Hubristic) Pride in Leveraging the Effectiveness of Cost Transparency

Journal of Business Ethics - In the era of consumer distrust of corporations, transparency is becoming a must rather than an option. While prior research has explored why businesses should disclose...