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Competitio

Évf. 3 szám 1 (2004)
Tanulmányok

Trust: a transaction cost influencing psychological mechanism

Megjelent:
August 27, 2020
DOI Linkhttps://doi.org/10.21845/comp/2004/1/8
Szerző
Tóth László
Megtekintés
en
How To Cite
Kiválasztott formátum: APA
Tóth, L. (2020). Trust: a transaction cost influencing psychological mechanism. Competitio, 3(1). https://doi.org/10.21845/comp/2004/1/8
Absztrakt

Our world is more and more characterized by complexity and interdependency. In the developing New Economy it is expected that the role of information and knowledge transfer, along with the role of cooperation, are some of the most important issues. Some psychological mechanisms, such as trust, will be instrumental ingredients of the new economy. It is speculated that the functioning of such complexity-reduction and cooperation-aiding, such a psychological mechanism as trust becomes a focal point of interest. This paper aims to clarify the workings and influence of trust on economic transactions, prices, and cooperation.

Jorurnal of Economic Literature (JEL) code: D8, L14, P22

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