Cassar, A.; Friedman, D.; Schneider, P.H. - In: Economic Journal 120 (2010) 547, pp. 919-943
When contracts are not perfectly enforceable, can interpersonal networks improve market efficiency? We introduce certain exogenous networks into laboratory markets in which traders can cheat in 'international' but not in 'domestic' transactions. We examine four network configurations, one of...