Achieving Cooperation: Contracts, Trust and Hostages

Chong Ju Choi, Keith Grint, Brian Hilton and Ruth Taplin

Journal of Interdisciplinary Economics, 1994, vol. 5, issue 3, 221-236

Abstract: Different societies use different mechanisms to assist people or organizations achieve cooperation. The purpose of this paper is to compare three different approaches to achieving cooperation. They are a contractual approach widely used in Anglo-Saxon societies, a trust approach more common in Asia, and a hostage approach widely used in the past and perhaps useful now in Eastern Europe or perhaps in some developing countries.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jinter:v:5:y:1994:i:3:p:221-236

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