Butter, Frank A.G. den; Mosch, Robert H.J. - Tinbergen Instituut - 2003
suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the "mystery of missing trade" can be attributed to … the lack of trust between trading partners, e.g. because of cultural differences and habits, or because of insufficient …