Trust, opportunism and governance

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Trust, opportunism and governance

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Nooteboom, Bart (Groningen University)

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Bart Nooteboom

Abstract

The paper considers a (static) portfolio system that satisfies adding-up contraints and the gross substitution theorem. The paper shows the relationship of the two conditions to the weak dominant diagonal property of the matrix of interest rate elasticities. This enables to investigate the impact of simultaneous changes in interest rates on the asset demands.

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Paper provided by University of Groningen, Research Institute SOM (Systems, Organisations and Management) in its series Research Report with number 95B34.

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Date of creation: 1995
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Handle: RePEc:dgr:rugsom:95b34

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Noorderhaven, N.G. & Nooteboom, B. & Berger, H., 1995. "Exploring determinants of perceived interfirm dependence in industrial supplier relations," Discussion Paper 115, Tilburg University, Center for Economic Research. [Downloadable!]
Tomas B. Klos & Bart Nooteboom, 1998. "Adaptive Governance: The Role of Loyalty," Research in Economics 98-06-048e, Santa Fe Institute. [Downloadable!]
Other versions:
- Klos, Tomas B. & Nooteboom, Bart, 1997. "Adaptive governance: the role of loyalty," Research Report 97B53, University of Groningen, Research Institute SOM (Systems, Organisations and Management). [Downloadable!]
Nooteboom, Bart, 2006. "Forms, sources and processes of trust," Discussion Paper 40, Tilburg University, Center for Economic Research. [Downloadable!]

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