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.
Titolo: | Contratct law, social norms and inter-firm cooperation |
Autori: | |
Data di pubblicazione: | 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. |
Handle: | http://hdl.handle.net/11381/2362082 |
ISBN: | 9781847207968 |
Appare nelle tipologie: | 2.1 Contributo in volume(Capitolo di libro) |
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