To what extent are personal trust, mutual interests, and third parties important in enforcing agreements to trade? How do firms combine these to form transactional governance structures? This paper answers...
To what extent do firms use trust, law, and third-parties to ensure fulfillment of agreements to transact? How do they combine these mechanisms to form transactional governance structures? How do answers...
This paper develops a structural approach for modeling how respondents answer survey questions and uses it to estimate the proportion of respondents who are reticent in answering corruption questions...
Estimates of the extent of corruption rely largely on self-reports of individuals, business managers, and government officials. Yet it is well known that survey respondents are reticent to tell the truth...
A potential concern with survey-based data on corruption is that respondents may not be fully candid in their responses to sensitive questions. If reticent respondents are less likely to admit to involvement...
This volume contains two comments on Williamson's "The Institutions and Governance of Economic Development and Reform," followed by a floor discussion summary of the paper. All of them are proceedings...
The theory of international trade has paid little attention to the issues that arise when bilateralism is an important element of a country's trade relations. Such a lacuna impedes the ability of the economic...