Information cost, learning, and trust Lessons from co-operation and higher-order capabilities amongst geographically proximate firms

Publikation: Working paperForskning

Resumé

In this short paper, I put forward an argument about trust based upon an information cost perspective. I argue that, in different contexts, different origins of trust come to dominate. This is so, because different possible origins of trust have a different information cost, and different contexts have different information availability. Agents learn about this, and place their trust accordingly. I provide an empirical example, and list some traits of information availability between geographically proximate firms. The information cost argument explains why a
particular way of trusting is prevalent in some proximate ‘communities’ of agents.
OriginalsprogEngelsk
Udgivelses stedFrederiksberg
UdgiverDRUID - Danish Research Unit for Industrial Dynamics
Antal sider38
ISBN (Trykt)8778730597
StatusUdgivet - 1998
NavnDRUID Working Paper
Nummer98-21

Citer dette

Lorenzen, M. (1998). Information cost, learning, and trust Lessons from co-operation and higher-order capabilities amongst geographically proximate firms. Frederiksberg: DRUID - Danish Research Unit for Industrial Dynamics. DRUID Working Paper, Nr. 98-21
Lorenzen, Mark. / Information cost, learning, and trust Lessons from co-operation and higher-order capabilities amongst geographically proximate firms. Frederiksberg : DRUID - Danish Research Unit for Industrial Dynamics, 1998. (DRUID Working Paper; Nr. 98-21).
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Information cost, learning, and trust Lessons from co-operation and higher-order capabilities amongst geographically proximate firms. / Lorenzen, Mark.

Frederiksberg : DRUID - Danish Research Unit for Industrial Dynamics, 1998.

Publikation: Working paperForskning

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