Gorobets, Alexander; Nooteboom, Bart - In: Journal of Management and Governance 10 (2006) 3, pp. 277-306
This article employs Agent-Based Computational Economics (ACE) to investigate whether, and under what conditions, trust is viable in markets. The emergence and breakdown of trust is modeled in a context of multiple buyers and suppliers. Agents develop trust in a partner as a function of observed...