Trust, confidence and economic crisis

Crisis of trust: Socio-economic determinants of Europeans’ confidence in government

Europeans’ confidence in political institutions has dropped precipitously since the onset of the Euro-crisis in 2009. The decline in trust in government varies across countries and occupational and educational groups. Economic factors explain much of the cross-national and over-time variation. The baseline level of trust is influenced by a person’s position in the labor market: across European ...

A confidence-aware interval-based trust model

It is a common and useful task in a web of trust to evaluate the trust value between two nodes using intermediate nodes. This technique is widely used when the source node has no experience of direct interaction with the target node, or the direct trust is not reliable enough by itself. If trust is used to support decision-making, it is important to have not only an accurate estimate of trust, ...

Economic Crisis and Audit Fees

Economic crisis generally increases firms’ bankruptcy and consequently audit risk. Hence, auditors are more likely to respond to this increased risk through increasing audit fees. However, in the lack of adequate empirical and theoretical evidence, the role of this macro-economic variable, economic crisis, is not clearly demonstrated on audit fees. Therefore, this study investigates the role of...

Economic Crisis and Economic Theory

Two dynamic general equilibrium economies compete in explaining the United States’interwar business cycles. Despite the demand driven contender’s slight advantages, the results remain too close to call a clear winner.

A crisis of confidence.