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Trust, Reputation, And Exit in Exchange Relationships

Bibliographic Data

ID6283734
AuthorsBernd Lahno (University of Duisburg, corresponding author)
Year1995
Volume39
Issue3
Pages495-510
Publication date1995-09-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Conflict Resolution (JOURNAL)
Journal identifiersISSN: 0022-0027 • E-ISSN: 1552-8766
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0022002795039003005
OpenAlexW2167979303
LanguageEN
Citations received14
References cited9

Contrary to the assumptions of the supergame model, agents in exchange situations will normally not be perfectly informed about past behavior of their partners. Moreover, they will generally be in a position to choose their partners. The formal model of this article attempts to take account of these facts. It is presupposed that, for any actor, the probability of finding a partner for an advantageous exchange depends on his or her past behavior. A model of reputation formation is presented as a formal description of this dependency. On the basis of this model, it is shown that, under certain conditions, only cooperative conduct will pay in the long run. Thus it is confirmed that, given a suitable mechanism of trust, rational agents may act trustworthy

Business · Dependency (UML · Economics · Epistemology · Law and economics · Mechanism (biology · Microeconomics · Political science · Position (finance · Reputation · Social exchange theory · Trustworthiness · Artificial Intelligence · Business Strategy and Innovation · Computer Science · Game Theory and Applications · Law · Psychology · Social Psychology

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Unique citing works14
Citations per year0,5
Citation span1998 - 2023 (26)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 13

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