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- Title
Contracts, opportunism and trust: Self-interest and social orientation.
- Authors
Lyons, Bruce; Mehta, Judith
- Abstract
Analyzes the role of trust in facilitating efficient exchange relations. Two distinct mechanisms supporting trust; Source of trust in mainstream economics literature; Implication of isolated and repeated exchange for the existence of self interested trust (SIT) or socially-oriented trust (SOT); Role of formal contracts in exchange relations.
- Subjects
TRUST; CONTRACTS
- Publication
Cambridge Journal of Economics, 1997, Vol 21, Issue 2, p239
- ISSN
0309-166X
- Publication type
Article
- DOI
10.1093/oxfordjournals.cje.a013668