Standard economic explanations of good conduct in trade rely almostexclusively on future-directed extrinsic motivations induced by materialincentives. But intrinsic motives to behave trustworthy and to punishuntrustworthiness do support trade. In our model, intrinsically motivatedplayers are...

Technological progress and globalization foster relocation and automation of business processes.Especially financial services providers oftentimes have the choice either to automate informationprocessingtasks or to relocate them to foreign sites to profit from differences in wage levels....