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 / Arrighetti, Alessandro; Reinhard, Bachmann; Simon, Deakin. - 1:(2008).
Contratct law, social norms and inter-firm cooperation
ARRIGHETTI, Alessandro;
2008-01-01
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.File | Dimensione | Formato | |
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