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Trust as a Governance Mechanism in Inter-Firm Relations : Conceptual Considerations

Kautonen, Teemu - 2017

Although there is general agreement in the literature of trust being a transaction-cost efficient means of governance, scholars are far less harmonious as to what trust actually is. This analysis examines and provides clarity to the concept and to the role of trust as a governance mechanism in...

Persistent link: https://www.econbiz.de/10014038942

Profit, Trust, and Contract : Alternative or Complimentary Logics in Market Exchange?

Tomaskovic-Devey, Donald - 2016

Economic sociologists have concluded that social embeddedness, characterized by trust and reciprocity, is widespread in organization-to-organization exchange. There remains, however, a tension between theorists who pose trust as an alternative logic to asocial price negotiations or contractual...

Persistent link: https://www.econbiz.de/10012978428

Interorganizational Trust Production Contingent on Product and Performance Uncertainty

Schilke, Oliver; Wiedenfels, Gunnar; Brettel, Malte; … - 2017

How do organizations build trust under varying degrees of uncertainty? In this article, we propose that different degrees of uncertainty require different bases of trust. We distinguish between three different forms of trust production (process-based, characteristics-based and institution-based)...

Persistent link: https://www.econbiz.de/10014118347

Consumer Confidence as a Matter of Information and Regulation - Can it Enhance Social Welfare?

König, Jan C. L. - 2012

Confidence seems to replace certain knowledge and the necessity for specific information. It simplifies economical … would not be made. Consequently, if confidence among consumers was enhanced, welfare would be enhanced as well. But how may … this implemented, and to which conditions is an approach successful? This paper observes the nature of consumer confidence …

Persistent link: https://www.econbiz.de/10013111255

Can integrity replace institutions? : theory and evidence

Aharonovitz, Gilad D.; Skuza, Nathan; Fahs, Faysal - 2009

Institutions are important for proper economic performance, but are replaceable by trust or other social norms. We show that when proper institutions and trust are missing, integrity of the individuals can replace them. We construct a model of a transactions-based economy with contracts...

Persistent link: https://www.econbiz.de/10003872201

Growing Apart, Losing Trust? The Impact of Inequality on Social Capital

Gould, Eric D. - 2016

There is a widespread perception that trust and social capital have declined in United States as well as other advanced economies, while income inequality has tended to increase. While previous research has noted that measured trust declines as individuals become less similar to one another,...

Persistent link: https://www.econbiz.de/10012977787

How Much Should We Trust the World Values Survey Trust Question?

Johnson, Noel D.; Mislin, Alexandra - 2012

We use a unique data set of trust game replications in order to validate the commonly used “trust” question from the World Values Survey. We find that trust as measured by the World Values Survey is positively correlated with experimentally measured trust and unrelated to experimentally...

Persistent link: https://www.econbiz.de/10014177043

Trustworthiness and Economic Performance

Breuer, Janice Boucher; McDermott, John - 2010

Trustworthiness is the basis for maximizing output in economic exchange and in explaining differences in standards of living around the world. A society's willingness to trust and the quality of its institutions have their origins in the trustworthiness of its citizens. We propose a theoretical...

Persistent link: https://www.econbiz.de/10014212107

Bounded Rationality, Value Systems and Time-Inconsistency of Preferences as Rational Foundations for the Concept of Trust

Rosanas, Josep M. - 2005

This paper intends to contribute to the (bounded rationality) foundations of trust, showing how the concept of trust is related to the basic hypothesis on the behavior of the two people involved. First, I briefly review some definitions of trust found in the literature, and attempt to establish...

Persistent link: https://www.econbiz.de/10014068457

Does bilateral trust affect international movement of goods and labor? : conference paper

Spring, Eva; Grossmann, Volker - 2013

Trust in the citizens of a potential partner country may affect the decision to trade with or to migrate to a foreign country. This paper employs panel data to examine the causal impact of such bilateral trust on international trade and migration patterns. We apply instrumental variables (IV)...

Persistent link: https://www.econbiz.de/10010338889