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externalities. We find that decentralized behaviour can lead to the emergence of a technical standard, but can also result in a …
Persistent link: https://www.econbiz.de/10005396154
In recent years, many social scientists have claimed that trust plays an important role in economic and social transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the identification of the exact role of trust in economic...
Persistent link: https://www.econbiz.de/10003793375
folk wisdom that firms should never preannounce. Our paper bridges the gap between theory and practice by incorporating the …
Persistent link: https://www.econbiz.de/10013043002
In recent years, many social scientists have claimed that trust plays an important role in economic and social transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the identification of the exact role of trust in economic...
Persistent link: https://www.econbiz.de/10011634169
In recent years, many social scientists have claimed that trust plays an important role in economic and social transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the identification of the exact role of trust in economic...
Persistent link: https://www.econbiz.de/10010269174
task externalities. When the tasks are independent, Principal follows a decreasing order by placing more essential task … particular, a more risky task can be less essential or more essential.Under externalities, essentiality and impact jointly …
Persistent link: https://www.econbiz.de/10012996626
This is a survey of legal liability for accidents. Three general aspects of accident liability are addressed. The first is the effect of liability on incentives, both whether to engage in activities (for instance, whether to drive) and how much care to exercise (at what speed to travel) to...
Persistent link: https://www.econbiz.de/10014023514
Persistent link: https://www.econbiz.de/10000545370
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Persistent link: https://www.econbiz.de/10003994143