This paper analyzes the regulation of interfirm contracting in Germany, Britian, and Italy. Contrary to earlier empirical studies and to models drawn from transaction-cost theory, the authors find that contract law may play an important role in underpinning long-term, cooperative relationships and in fostering trust. The impact of contract law depends on the relationship between the legal system and other forms of institutional regulation, including trade associations and standard-setting bodies.

Contratct law, social norms and inter-firm cooperation / Alessandro Arrighetti; Reinhard Bachmann; Simon Deakin. - 1(2008).

Contratct law, social norms and inter-firm cooperation

ARRIGHETTI, Alessandro;
2008

Abstract

This paper analyzes the regulation of interfirm contracting in Germany, Britian, and Italy. Contrary to earlier empirical studies and to models drawn from transaction-cost theory, the authors find that contract law may play an important role in underpinning long-term, cooperative relationships and in fostering trust. The impact of contract law depends on the relationship between the legal system and other forms of institutional regulation, including trade associations and standard-setting bodies.
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11381/2362082
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