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Transactions in a world without monetary incentives : social embeddedness in local exchange networks

Transactions in a world without monetary incentives : social embeddedness in local exchange networks

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Prüfsumme: MD5:e56f997e6699404b5ad9f6a247d9f6eb

HINZ, Thomas, Simone WAGNER, 2006. Transactions in a world without monetary incentives : social embeddedness in local exchange networks

@techreport{Hinz2006Trans-11672, title={Transactions in a world without monetary incentives : social embeddedness in local exchange networks}, year={2006}, author={Hinz, Thomas and Wagner, Simone} }

2006 Hinz, Thomas deposit-license application/pdf 2011-03-25T09:35:53Z Transactions in a world without monetary incentives : social embeddedness in local exchange networks Hinz, Thomas 2011-03-25T09:35:53Z eng Transactions in exchange relations entail serious risks such as opportunism and free riding for the actors involved. In our paper we focus on problems of cooperation and their efficient handling. We deal with the problem how to prevent opportunistic behavior in the absence of monetary incentives and contractual safeguarding. We study how trust is generated among transaction partners in such situations. Drawing back on empirical evidence on local exchange trading systems we stress the decisive role of social embeddedness for transaction management. What kinds of safeguards are usedwithin such environments to ensure a smooth transaction management? We try to explain the stabilization of those exchange systems referring to the concepts of temporal and structural embeddedness. Finally we are able to show that embeddedness in durable ongoing relations might mitigate the incentives for opportunistic behaviour. Especially in transactions offering many incentives for opportunistic<br />behavior, social embeddedness is often used as a substitute for contractual safeguards, internal hierarchy and monetary incentives. Wagner, Simone Wagner, Simone

Dateiabrufe seit 01.10.2014 (Informationen über die Zugriffsstatistik)

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