While the traditional agency model assumes managerial risk aversion and underinvestmentin high-risk opportunities, the behavioural agency model allows for riskseeking by managers leading possibly to over-risky investments. Corporate governancemechanisms through their disciplining roles can steer...

Given the importance of trust, exploring what may affect trust then becomes attractive. The main purpose of this paper is to explain general trust quantitatively. This paper from, but not limited to, a perspective of original institutional economics elaborates what may affect general trust and...

This paper extends the concept of interaction platforms and explores the evolution of interaction and cooperation supported by individuals’ changing trust and trustworthiness on directed weighted regular ring network from the angle of micro scope by using agent-based modeling. This agent-based...

This paper explores the evolution of interaction and cooperation supported by individuals’ changing trust and trustworthiness on directed weighted regular ring though agent-based modeling. This agent-based model integrates fragility of trust, interaction decision, strategy decision, payoff...