In any economic environment where decisions are decentralized, agents consider the risk that others might unfairly exploit informational asymmetries to their own disadvantage. Incomplete results, especially, lies at the heart of financial transactions in which agents trade real claims for promises of future real claims. Agents thus need to invest considerable resources to assess the trustworthiness of others with whom they know they can interact only...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1999/10/31
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Рабочий документ в рамках исследования вопросов политики
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WPS2200
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1
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1
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2010/07/01
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The role of trust in financial sector development
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transaction cost
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Официальная версия документа (может содержать подписи, и т.д.)