Economic transactions, opportunistic behavior and protective mechanisms

Carsten Allan Koch

    Publikation: Bog/antologi/afhandling/rapportRapportForskning

    Resumé

    Whenever actors participate in transactions they expose themselves to risks of various kinds. Some of these risks are attributable to events outside the control of the participants and are unavoidable. Others originate in, or are aggrevated by, opportunistic actions undertaken by contract partners and other co-operators. This paper is concerned with the latter type of risk and the protection against it. Six protective mechanisms, which may serve as safeguards against opportunistic behavior, are presented and discussed. Special attention is paid to reputation effects. It is noted that such effects may account for the lack of opportunistic behavior with which networks are often credited. No protective mechanism is, however, effective under all circumstances.
    OriginalsprogEngelsk
    Udgivelses stedOdense
    ForlagOdense Universitet
    Antal sider30
    StatusUdgivet - 1995
    NavnSkrifter fra Institut for virksomhedsledelse, Odense universitet
    Nummer6/1995
    ISSN0909-864X

    Emneord

    • Network
    • Opportunistic behavior
    • Organizational economics
    • Protection
    • Reputation

    Citer dette

    Koch, C. A. (1995). Economic transactions, opportunistic behavior and protective mechanisms. Odense: Odense Universitet. Skrifter fra Institut for virksomhedsledelse, Odense universitet , Nr. 6/1995
    Koch, Carsten Allan. / Economic transactions, opportunistic behavior and protective mechanisms. Odense : Odense Universitet, 1995. 30 s. (Skrifter fra Institut for virksomhedsledelse, Odense universitet ; Nr. 6/1995).
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    abstract = "Whenever actors participate in transactions they expose themselves to risks of various kinds. Some of these risks are attributable to events outside the control of the participants and are unavoidable. Others originate in, or are aggrevated by, opportunistic actions undertaken by contract partners and other co-operators. This paper is concerned with the latter type of risk and the protection against it. Six protective mechanisms, which may serve as safeguards against opportunistic behavior, are presented and discussed. Special attention is paid to reputation effects. It is noted that such effects may account for the lack of opportunistic behavior with which networks are often credited. No protective mechanism is, however, effective under all circumstances.",
    keywords = "Network, Opportunistic behavior, Organizational economics, Protection, Reputation, Network, Opportunistic behavior, Organizational economics, Protection, Reputation",
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    Koch, CA 1995, Economic transactions, opportunistic behavior and protective mechanisms. Skrifter fra Institut for virksomhedsledelse, Odense universitet , nr. 6/1995, Odense Universitet, Odense.

    Economic transactions, opportunistic behavior and protective mechanisms. / Koch, Carsten Allan.

    Odense : Odense Universitet, 1995. 30 s.

    Publikation: Bog/antologi/afhandling/rapportRapportForskning

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    AU - Koch, Carsten Allan

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    AB - Whenever actors participate in transactions they expose themselves to risks of various kinds. Some of these risks are attributable to events outside the control of the participants and are unavoidable. Others originate in, or are aggrevated by, opportunistic actions undertaken by contract partners and other co-operators. This paper is concerned with the latter type of risk and the protection against it. Six protective mechanisms, which may serve as safeguards against opportunistic behavior, are presented and discussed. Special attention is paid to reputation effects. It is noted that such effects may account for the lack of opportunistic behavior with which networks are often credited. No protective mechanism is, however, effective under all circumstances.

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    KW - Organizational economics

    KW - Protection

    KW - Reputation

    KW - Network

    KW - Opportunistic behavior

    KW - Organizational economics

    KW - Protection

    KW - Reputation

    M3 - Report

    BT - Economic transactions, opportunistic behavior and protective mechanisms

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    Koch CA. Economic transactions, opportunistic behavior and protective mechanisms. Odense: Odense Universitet, 1995. 30 s. (Skrifter fra Institut for virksomhedsledelse, Odense universitet ; Nr. 6/1995).