Social Capital, Trust, And The Agribusiness Of Economics
AbstractEconomists, including agricultural economists, have a long history of recognizing the importance of the behavioral foundations in decision making while ignoring these observable human dimensions in their economic models. The economics of social capital and trust, two important human characteristics influencing decisions, have captured the attention of economists in recent years. Recent empirical work demonstrates that social capital and trust considerations are prevalent and economically significant, especially in business. Trust alters the terms of trade, generates decision flexibility, reduces transaction costs, and creates additional time resources for management.
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Bibliographic InfoArticle provided by Western Agricultural Economics Association in its journal Journal of Agricultural and Resource Economics.
Volume (Year): 25 (2000)
Issue (Month): 01 (July)
Institutional and Behavioral Economics;
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- Szabo, Gabor G. & Baranyai, Zsolt & Takacs, Istvan, 2011. "The Importance and Role of Trust in Agricultural Co-operation – Some Empirical Experiences from Hungary," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 116068, European Association of Agricultural Economists.
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- Otten, Dennis & van den Weghe, Herman F.A., 2011. "The Sustainability of Intensive Livestock Areas (ILAS): Network System and Conflict Potential from the Perspective of Animal Farmers," International Journal on Food System Dynamics, International Center for Management, Communication, and Research, vol. 2(1).
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