Trust has been identified as a significant role-playing factor, which guards supply chains against high inventories and poor customer services. Previous research addressed trust in supply chain mostly with the aid of surveys, interviews and field data analysis. Using an extended version of the...

We investigate the relationship between trust and inventory replenishment decision indicators in a triadic (three-echelon) serial supply chain. We consider two types of trust; trust in supplier and trust in customer. The extant behavioral operations literature on inventory management generally...

A growing literature relies on natural experiments to establish causal effects in macroeconomics. In diverse applications, natural experiments have been used to verify underlying assumptions of conventional models, quantify specific model parameters, and identify mechanisms that have major...

This article establishes that there are significant social influences on the decisions made by individuals about whether to trust others. These social interactions effects may arise from exogenous-environmental characteristics or from endogenous effects that make people conform to the particular...

Consider a supply chain in which products move through multiple serial echelons before they are finally shipped to the end customer. In such a serial multi-echelon inventory system, inventory managers make dynamic decisions, called inventory replenishment decisions, to regulate inventory levels,...

Trust is a collective, self-fulfilling phenomenon that suggests analogies with phase transitions. We introduce a stylized model for the build-up and collapse of trust in networks, which generically displays a first order transition. The basic assumption of our model is that whereas trust begets...

The principal focus in the substantial literature on impediments to economic development has been on the inadequacies of policies and governance. However, successful economic development requires effectiveness of markets and incentives for investment, which in turn require trust. This paper...