Two laboratory experiments on trust and institutions – inspired in Spain
Thursday 11th February 2016
About the speaker: Antonio Cabrales is Professor of Economics at University College London, on leave from Universidad Carlos III de Madrid. Formerly, he was a professor at Universitat Pompeu Fabra in Barcelona. He holds a Ph.D. in Economics from the University of California, San Diego He has worked in a wide range of topics: the economics of networks and mechanism design, learning and evolutionary games, experimental economics, and industrial organization. He is associate editor at the Journal of Economic Theory, and formerly an editor of the Berkeley Electronic Journal of Economic Analysis and Policy and Investigaciones Económicas, as well as associate editor of the Journal of the European Economic Association and SERIEs. He has published at the American Economic Review, Journal of Political Economy, the Review of Economic Studies, Scientific Reports, PLoS One, Physical Review Letters and other scholarly journals.
About the event: Several countries in Northern Europe instituted rather costly changes in their economies from the mid 90’s onwards, which they were able to carry through with a moderate degree of consensus. Similar reforms in Southern Europe have been much more difficult, if not impossible to date. It is probably fair to say that when reforms have been instituted at all it has been under duress: after an explicit or implicit threat by the markets and international organizations of being “expelled” from the international community. Why such changes seem to be quite easy in some countries, but nearly impossible to implement in others, is probably the key issue in the current policy debate.
Prof. Antonio Cabrales (UCL) presented some of his most recent research, in which he explores the role of trust in institutions, drawing particular inspiration from examples in Spain.
The Madariaga Series would like to thank Prof Cabrales for finding the time to come to Oxford and visit us.