Loading...
Please wait, while we are loading the content...
Similar Documents
Will opportunism go away
| Content Provider | Semantic Scholar |
|---|---|
| Author | Nooteboom, Bart |
| Copyright Year | 1996 |
| Abstract | It has been suggested that opportunism will go away because absence of opportunism economizes on transaction costs, and therefore has a better chance of survival in the selection process of markets. But the tension between collective and individual advantage has to be taken into account. If self-interest is the only driving force of conduct, opportunistic conduct goes away only when monitoring for it is perfect and costless, and the penalty for loss of reputation exceeds its reward. Opportunism can go away when institutions immunize agents against the temptations of opportunism. But the problem then is how to protect those institutions against inroads of opportunism from outside. Such entry may arise if one participates in world trade. Then, opportunism still may not go away. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.rug.nl/research/portal/files/3243576/97b06.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
