The objective of this study was to investigate whether formal and relational mechanisms of network governance act as substitutes or are complementary in their relationship with trust in the intermediation activity of real estate transactions. We conducted a quantitative study to test the...

Adam Smith offers an account, based on rational choice considerations, of the grammatical change experienced by languages when adults attempt to communicate across languages in such a way as to minimize transactions costs. His model predicts what is known to linguists as a "pidgin," a language...

This paper provides a modified Integrative Social Contract Theory (ISCT) analysis of commercial bribery based on transaction cost economics. In the language of Antitrust, commercial bribery is a form of vertical arrangement subject to the same efficiency analysis that has found other vertical...