After clarifying the notion of trust, this article analyzes the foundations of trust and the role of openness and … communication, actions and third parties in the building, breakdown and repair of trust. …

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 they attach to trust relative to profitability, and their own … trustworthiness, modeled as a threshold of defection. Adaptation occurs on the basis of realized profit. Trust turns out to be viable …

incorporates learning and trust. The paper identifies two kinds of relational risk: hold-up and spillover. For the governance of … relations, i.e. the control of relational risk, it develops a box of instruments which includes trust, next to instruments …

, the article presents a set of instruments that includes trust, next to instruments adopted and adapted from TCE. It also …

There is a tendency to see trust and control by formal agreements as substitutes. According to transaction cost … economics trust is unreliable, and some form of control is needed to reduce hazards of opportunism. According to others, high … trust allows for a limited extent of formal control. Formal control signals distrust and thereby evokes reciprocal distrust …

This paper analyzes the relations between social capital, institutions, and trust. These concepts are full of ambiguity … and confusion. This paper attempts to dissolve some of the confusion, by distinguishing trust and control, and analyzing … institutional and relational conditions of trust. It presents a tool for the analysis of the foundations of trust, and a diagnosis …

social–cognitive theory of the firm and an analysis of processes by which trust is built up and broken down. Copyright …

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 loyalty. They select partners on the basis of their trust in the …