Schmidtchen, Dieter - Forschungsstelle zur ökonomischen Analyse des Rechts, … - 2000
In this article a simple game is used to develop a concept of trust that takes account of boundedly rational behavior … there remains a risk that the second mover does not perform as promised. Trust consists of accepting this risk. The paper … also discusses the efficiency of trust and the role of the law in separating trustworthy from non trustworthy people. …
