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dynamic effort allocation system, an evolving trust framework and a reputation module to study how changes in micro-level rent …Trust is a dynamic and complex phenomenon and understanding the factors which affect its formation, evolution and … disappearance is a critical research issue. It has been shown that trust plays a key role in how human and social capital develop …
Persistent link: https://www.econbiz.de/10011107434
Within the field of social capital study, concerns have been expressed that deviations from a fundamental understanding that social capital is captured from embedded resources in social networks may reduce the intellectual enterprise to a catch all fad (Lin, Cook, Burt, 1999). This paper is an...
Persistent link: https://www.econbiz.de/10005619665
-price ratios, reasons for award or rejection and enhancement of the reputation mechanism. Research limitations / implications This … transparent manner and methods for enhancing the reputation mechanism - point at necessary future research for improving …
Persistent link: https://www.econbiz.de/10008545963
Any legislative framework is likely to generate different institutions or norms of behavior which the legislator occasionally could have never foreseen. I suggested a general pattern, on which inefficient, if stable, norms or institutions called institutional traps would form.
Persistent link: https://www.econbiz.de/10008552800
Reputation systems that rely on feedback from traders are important institutions for helping sustain trust in markets … pre-commitment device for sellers in reputation systems. In particular, the pre-commitment device we study here allows …-seller trust game with a unilateral feedback scheme, we find that a buyer’s propensity to leave feedback is more sensitive to …
Persistent link: https://www.econbiz.de/10008560983
Two myths have harmed many economies throughout the world. One is the theory of absolute advantage of central planning over the market mechanism, and the other is the belief that efficient markets develop spontaneously and quickly enough if appropriate economic legislation is established....
Persistent link: https://www.econbiz.de/10008561156
One of the main obstacles for successful economic development is the formation of institutional traps, inefficient yet stable norms of behaviour. Domination of barter exchange, arrears, corruption and black market activities are examples of institutional traps that have hampered reforms in...
Persistent link: https://www.econbiz.de/10008596422
The theory of institutional traps, i.e. ineffective but stable institutions or behavior norms, is develope din connection with economic reforms. Mechanisms are described that cause a system to get into a trap and ways of going out of it are analyzed. Concepts of transformation costs and...
Persistent link: https://www.econbiz.de/10008753049
This paper focuses on the deeper analysis of the interaction between Country-of-Origin, QUALITY & SAFETY labels, retailer brands and individual specific data with the target of identifying the best labelling strategies for the GERMAN BEEF market. For this purpose Discrete-Choice-method was...
Persistent link: https://www.econbiz.de/10008596412
The main advancement of the developed theoretical framework for Country-of-Origin (CO) research in this paper is the holistic consideration of CO in consumer choice that is missing in older works as for example made by ITTERSUM (2003) or JAFFE AND NEBENZAHL (2001). These and other researchers...
Persistent link: https://www.econbiz.de/10008596427