Art
bepress.com
Home
My Account
All Journals
Contact Bepress
About Bepress
Subscriptions
Services
Reviews


Search All Publications
Find

Or search all bepress web pages: Search

We welcome your feedback. Please email your suggestions and ideas to us.
German Working Papers in Law and Economics
cover current_volume all_volumes submit_article

bealert

Volume 2001

AUTHOR:
Dieter Schmidtchen

TITLE:
Vertrauen und Recht: eine ökonomische Analyse

SUGGESTED CITATION:
Dieter Schmidtchen (2001) "Vertrauen und Recht: eine ökonomische Analyse", German Working Papers in Law and Economics: Vol. 2001: Article 12.
http://www.bepress.com/gwp/default/vol2001/iss1/art12


View the article (193 KB)
Notify a colleague about this paper
Get Acrobat Reader
Printing Tip: Select the option to 'print as image' in the Acrobat print dialog to ensure the article prints as it appears on screen.
Learn more...

ABSTRACT:

In this article a simple game is used to develop a concept of trust that takes account of boundedly rational behavior. Even if a first mover in a sequential game is protected against opportunism by legal means or means of private ordering there remains a risk that the second mover does not perform as promised. Trust consists of accepting this risk. The paper also discusses the efficiency of trust and the role of the law in separating trustworthy from non trustworthy people.




| HOME | MY ACCOUNT | TERMS OF SERVICE | COPYRIGHT | PRIVACY |
Copyright ©1999-2014 Berkeley Electronic Press™ All rights reserved.