law," it typically is assumed, increases the likelihood of contract performance by increasing the probability of … prediction. Our finding is in line with the recent work on the role of contract enforcement and trust in formerly Communist …

also discusses the efficiency of trust and the role of the law in separating trustworthy from non trustworthy people. …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 …

the law and regulating the gap between "law-in-the-books" and "law-in-action". …