trust, local culture, and transaction costs. The networking of activities gains special emphasis with respect to SMEs. In … form of organisation, Local development, Trust, Co-operation. …

implement a control strategy, which consists of low effort discretion and little or no rent-sharing, or they implement a trust … control strategy prevails, while the possibility of screening renders the trust strategy profitable. The introduction of … competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both …