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Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2019.1677260

Exchange networks, markets and trust

Jon Reiersen ; School of Business, University of South-Eastern Norway, Borre, Norway

Puni tekst: engleski, pdf (1 MB) str. 3918-3934 preuzimanja: 46* citiraj
APA 6th Edition
Reiersen, J. (2019). Exchange networks, markets and trust. Economic research - Ekonomska istraživanja, 32 (1), 3918-3934. https://doi.org/10.1080/1331677X.2019.1677260
MLA 8th Edition
Reiersen, Jon. "Exchange networks, markets and trust." Economic research - Ekonomska istraživanja, vol. 32, br. 1, 2019, str. 3918-3934. https://doi.org/10.1080/1331677X.2019.1677260. Citirano 31.03.2020.
Chicago 17th Edition
Reiersen, Jon. "Exchange networks, markets and trust." Economic research - Ekonomska istraživanja 32, br. 1 (2019): 3918-3934. https://doi.org/10.1080/1331677X.2019.1677260
Harvard
Reiersen, J. (2019). 'Exchange networks, markets and trust', Economic research - Ekonomska istraživanja, 32(1), str. 3918-3934. https://doi.org/10.1080/1331677X.2019.1677260
Vancouver
Reiersen J. Exchange networks, markets and trust. Economic research - Ekonomska istraživanja [Internet]. 2019 [pristupljeno 31.03.2020.];32(1):3918-3934. https://doi.org/10.1080/1331677X.2019.1677260
IEEE
J. Reiersen, "Exchange networks, markets and trust", Economic research - Ekonomska istraživanja, vol.32, br. 1, str. 3918-3934, 2019. [Online]. https://doi.org/10.1080/1331677X.2019.1677260

Sažetak
Network-based transactions are attractive as a system for economic exchange because they give network members greater protection against opportunism and exchange hazards compared to more anonymous market transactions. At the same time, net- works restrict the possibilities to exploit economies of scale and other efficiency enhancing properties of markets. When the problem-solving capacity of networks do not make up for the losses generated by not trading with outsiders, trust is important to promote transactions among strangers in the anonymously market. This paper offers an economic analysis of this idea. With the help of a social evolutionary model, it is also demonstrated that mutual trust relations can survive in the anonymous market, even when there is a clear danger of opportunism, and the conventional mechanisms like repetitions and contracts are ruled out.

Ključne riječi
Networks; trade opportunism trust

Hrčak ID: 229742

URI
https://hrcak.srce.hr/229742

Posjeta: 75 *