Social Trust and Economic Governance
The paper investigates the dynamic relationship between social trust and economic governance using a principal-agent model with stochastic returns. To mitigate the inherent moral hazard problem both intrinsic and extrinsic incentives are useful. The cooperative tendency of an agent measures his intr...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2004
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/1197 https://ink.library.smu.edu.sg/context/soe_research/article/2196/viewcontent/trustgovernancenew.pdf |
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| Institution: | Singapore Management University |
| Language: | English |