全球智库信息集成服务系统(G2TT): DP3858 A Nationwide Laboratory Examining Trust and Trustworthiness by Integrating Behavioural Experiments into Representative Surveys

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP3858
	DP3858 A Nationwide Laboratory Examining Trust and Trustworthiness by Integrating Behavioural Experiments into Representative Surveys
	Ernst Fehr; Gert Georg Wagner; Urs Fischbacher; Bernhard von Rosenbladt; Jürgen Schupp
发表日期	2003-04-23
出版年	2003
语种	英语
摘要	Information is costly to acquire in trade and financial markets, especially across international borders. Sellers and buyers rely on information and experiences of other firms, including from business partners located in other countries. This Paper identifies three channels through which information is disseminated in the import and equity markets of 14 OECD countries. The first channel consists of information spillovers from the commercial to the financial markets and vice-versa. We found strong evidence in support of the first direction and some for the reverse, suggesting that traders use common information, frequently from the same sources such as financial intermediaries or banks. The second and third channels emphasize seller and buyer reputation in third markets. While these two channels are equally important in explaining bilateral import flows, buyer reputation appears to be of greater importance for equity flows. All three channels may help better explain contagion effects across markets and countries.
主题	International Trade and Regional Economics
关键词	Trade Equity flows Information spillovers
URL	https://cepr.org/publications/dp3858
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/532844
推荐引用方式 GB/T 7714	Ernst Fehr,Gert Georg Wagner,Urs Fischbacher,et al. DP3858 A Nationwide Laboratory Examining Trust and Trustworthiness by Integrating Behavioural Experiments into Representative Surveys. 2003.