Nooteboom, Bart; Gorobets, Gorobets, A. - Erasmus Research Institute of Management (ERIM), … - 2004
This paper employs the methodology of Agent-Based Computational Economics (ACE) to investigate under what conditions trust can be viable in markets. The emergence and breakdown of trust is modeled in a context of multiple buyers and suppliers. Agents adapt their trust in a partner, the weight...