Summary of JOIE article (18 August 2022) by Anthony Gill, Department of Political Science, University of Washington, Seattle, Washington, and Michael D. Thomas, Department of Economics and Finance, Heider College of Business, Creighton University, Omaha, Nebraska. The full article is available on the JOIE website. In Scroogenomics, Joel Waldfogel argues that gifting creates enormous deadweight…
Tag: trust
Response to governmental COVID-19 restrictions: the role of informal institutions
Summary of JOIE article ( First View 26 April 2021) by Katarzyna Bentkowska Warsaw School of Economics, Institute of Markets and Competition, Warsaw, Poland. The full article is available on the JOIE Website. In 2020, countries unexpectedly faced a new challenge—the COVID-19 pandemic—and they had to take countermeasures to address it. The levels of restrictions imposed varied across countries. However, implementing restrictions…