IDEAS home Printed from
   My bibliography  Save this article

Intermediación y confianza


  • Christopher Kingston

    (Amherst College)


It is well known that among a community of traders in which particular pairs of traders only transact occasionally, and have opportunities to cheat, cooperation be sustained if information about traders’ reputations can circulate within the group. In many applications, however, the potential for developing reputations is limited. This paper studies how intermediaries («brokers») can help to sustain cooperation by removing the need for traders to have information about each other. Rather than trusting other traders, each of whom they interact with only occasionally, traders place their trust in the broker, with whom they each interact frequently. To illustrate, we explore the role of intermediaries in bribe transactions.

Suggested Citation

  • Christopher Kingston, 2011. "Intermediación y confianza," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 77(02), pages 64-85.
  • Handle: RePEc:ekz:ekonoz:2011205

    Download full text from publisher

    File URL:®istro=1147
    File Function: complete text
    Download Restriction: no

    More about this item


    intermediation; trust; cooperation; broker;

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekz:ekonoz:2011205. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Iñaki Treviño). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.