The Interaction of Formal and Informal Contracts in the Decision of Cooperation of the Agents

Given the existent risk of opportunism in transactions, formal and informal contracts play a central role in the decision of cooperation of the agents. The study aimed to compare the effectiveness of formal and informal contracts in the decision of cooperation of the agent and also to investigate th...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	Tatiana Iwai
Formato:	article
Lenguaje:	EN PT
Publicado:	FUCAPE Business School 2016
Materias:	cooperation formal contracts informal contracts Business HF5001-6182
Acceso en línea:	https://doaj.org/article/6f8562d6c63b48a5a31f43d908e39206
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:6f8562d6c63b48a5a31f43d908e39206
record_format	dspace
spelling	oai:doaj.org-article:6f8562d6c63b48a5a31f43d908e392062021-11-11T15:48:06ZThe Interaction of Formal and Informal Contracts in the Decision of Cooperation of the Agents1807-734Xhttps://doaj.org/article/6f8562d6c63b48a5a31f43d908e392062016-01-01T00:00:00Zhttp://www.redalyc.org/articulo.oa?id=123043477003https://doaj.org/toc/1807-734XGiven the existent risk of opportunism in transactions, formal and informal contracts play a central role in the decision of cooperation of the agents. The study aimed to compare the effectiveness of formal and informal contracts in the decision of cooperation of the agent and also to investigate their joint effects of substitution or complement on the cooperation of the agents. For that, an experiment was performed to test in a laboratorial environment the behavior of agents under the pressure of both contracts. The results of the experiment showed that informal contracts are more effective to guarantee cooperation among agents. Furthermore, formal and informal contracts can be used as substitutes or complements according to the order in which they are applied. When formal contracts precede informal ones, there is an increase in cooperation levels among agents.Tatiana IwaiFUCAPE Business Schoolarticlecooperationformal contractsinformal contractsBusinessHF5001-6182ENPTBBR: Brazilian Business Review, Vol 13, Iss 1, Pp 47-68 (2016)
institution	DOAJ
collection	DOAJ
language	EN PT
topic	cooperation formal contracts informal contracts Business HF5001-6182
spellingShingle	cooperation formal contracts informal contracts Business HF5001-6182 Tatiana Iwai The Interaction of Formal and Informal Contracts in the Decision of Cooperation of the Agents
description	Given the existent risk of opportunism in transactions, formal and informal contracts play a central role in the decision of cooperation of the agents. The study aimed to compare the effectiveness of formal and informal contracts in the decision of cooperation of the agent and also to investigate their joint effects of substitution or complement on the cooperation of the agents. For that, an experiment was performed to test in a laboratorial environment the behavior of agents under the pressure of both contracts. The results of the experiment showed that informal contracts are more effective to guarantee cooperation among agents. Furthermore, formal and informal contracts can be used as substitutes or complements according to the order in which they are applied. When formal contracts precede informal ones, there is an increase in cooperation levels among agents.
format	article
author	Tatiana Iwai
author_facet	Tatiana Iwai
author_sort	Tatiana Iwai
title	The Interaction of Formal and Informal Contracts in the Decision of Cooperation of the Agents
title_short	The Interaction of Formal and Informal Contracts in the Decision of Cooperation of the Agents
title_full	The Interaction of Formal and Informal Contracts in the Decision of Cooperation of the Agents
title_fullStr	The Interaction of Formal and Informal Contracts in the Decision of Cooperation of the Agents
title_full_unstemmed	The Interaction of Formal and Informal Contracts in the Decision of Cooperation of the Agents
title_sort	interaction of formal and informal contracts in the decision of cooperation of the agents
publisher	FUCAPE Business School
publishDate	2016
url	https://doaj.org/article/6f8562d6c63b48a5a31f43d908e39206
work_keys_str_mv	AT tatianaiwai theinteractionofformalandinformalcontractsinthedecisionofcooperationoftheagents AT tatianaiwai interactionofformalandinformalcontractsinthedecisionofcooperationoftheagents
_version_	1718433894206799872

The Interaction of Formal and Informal Contracts in the Decision of Cooperation of the Agents

Ejemplares similares