Studies of industrial buyer-supplier relations mostly focus on structural characteristics of the transactions between parties, and assume a direct relation between these factors and characteristics of the relationships. This paper focuses on the psychological dimension of transaction relations,...

This article analyses problems and solutions in thegovernance of knowledge exchange and joint knowledgeproduction. The analysis is based on a theory whichcombines elements of transaction cost economics,social exchange theory and theory of knowledge. Thetheory of knowledge yields an analysis of...

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...