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Trust, opportunism and governance

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  • Nooteboom, Bart

    (Groningen University)

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.

Suggested Citation

  • Nooteboom, Bart, 1995. "Trust, opportunism and governance," Research Report 95B34, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
  • Handle: RePEc:gro:rugsom:95b34
    as

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    File URL: http://irs.ub.rug.nl/ppn/149781911
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    References listed on IDEAS

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    1. Gilbert, Richard J., 1989. "Mobility barriers and the value of incumbency," Handbook of Industrial Organization, in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 1, chapter 8, pages 475-535, Elsevier.
    2. Hirschman, Albert O., 1985. "Against Parsimony: Three Easy Ways of Complicating some Categories of Economic Discourse," Economics and Philosophy, Cambridge University Press, vol. 1(1), pages 7-21, April.
    3. Foss, Nicolai Juul, 1993. "Theories of the Firm: Contractual and Competence Perspectives," Journal of Evolutionary Economics, Springer, vol. 3(2), pages 127-144, May.
    4. Johanson, Jan & Mattsson, Lars-Gunnar, 1987. "Interorganizational relations in industrial systems : a network approach compared with the transaction cost approach," Working Papers 1987:7, Uppsala University, Department of Business Studies.
    5. Noorderhaven, N.G., 1995. "Trust and transactions : Towards transaction cost analysis with a differential behavioral assumption," Other publications TiSEM 38f6f748-dc7a-4a41-8b88-7, Tilburg University, School of Economics and Management.
    6. Ash Amin & Michael Dietrich (ed.), 1991. "Towards a New Europe?," Books, Edward Elgar Publishing, number 13.
    7. Shapiro, Carl, 1989. "Theories of oligopoly behavior," Handbook of Industrial Organization, in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 1, chapter 6, pages 329-414, Elsevier.
    8. Geoffrey M. Hodgson (ed.), 1993. "The Economics of Institutions," Books, Edward Elgar Publishing, number 557.
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    Cited by:

    1. Nooteboom, Bart & Berger, Hans & Noorderhaven, Niels G., 1995. "Sources, measurement and effect of trust in the governance of buyer-supplier relations," Research Report 95B39, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    2. repec:dgr:rugsom:97b05 is not listed on IDEAS
    3. repec:dgr:rugsom:95b39 is not listed on IDEAS
    4. Noorderhaven, N.G. & Nooteboom, B. & Berger, H., 1995. "Exploring determinants of perceived interfirm dependence in industrial supplier relations," Discussion Paper 1995-115, Tilburg University, Center for Economic Research.
    5. Nooteboom, Bart, 1996. "Towards a cognitive theory of the firm : issues and a logic of change," Research Report 97B05, University of Groningen, Research Institute SOM (Systems, Organisations and Management).

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