Gifts, Gift Exchange, and Market Exchange as Organizational Alternatives
The paper is dedicated to the gift-exchange as a mode of organization. A local community with a long-term cooperation as a result of the informal enforcement is analyzed as an environment which presupposes dominance of the reciprocity. Among others relations between patron and client, master and slave are considered. The importance of a planning horizon for the rational choice of a means of organization is studied. Reciprocity is analyzed as an element of the relational contracting.
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