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

Bibliographic Details
Main Author: TATIANA IWAI
Publication Date: 2016
Format: Article
Language: por
Source: Repositório Institucional da INSPER
Download full: https://repositorio.insper.edu.br/handle/11224/4406
http://dx.doi.org/10.15728/bbr.2016.13.1.3
Summary: 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.
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spelling The Interaction of Formal and Informal Contracts in the Decision of Cooperation of the AgentsCooperationFormal contractsInformal contractsGiven 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.Texto completoFucape Business School2022-10-23T05:16:28Z2022-10-23T05:16:28Z2016info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlep. 47-68Digitalapplication/pdfapplication/pdf1808-2386https://repositorio.insper.edu.br/handle/11224/4406http://dx.doi.org/10.15728/bbr.2016.13.1.3113Brazilian Business Review (BBR)BrasilVitóriaO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DO USUÁRIO VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR.info:eu-repo/semantics/openAccessTATIANA IWAIporreponame:Repositório Institucional da INSPERinstname:Instituição de Ensino Superior e de Pesquisa (INSPER)instacron:INSPER2025-06-12T13:44:57Zoai:repositorio.insper.edu.br:11224/4406Biblioteca Digital de Teses e Dissertaçõeshttps://www.insper.edu.br/biblioteca-telles/PRIhttps://repositorio.insper.edu.br/oai/requestbiblioteca@insper.edu.br || conteudobiblioteca@insper.edu.bropendoar:2025-06-12T13:44:57Repositório Institucional da INSPER - Instituição de Ensino Superior e de Pesquisa (INSPER)false
dc.title.none.fl_str_mv The Interaction of Formal and Informal Contracts in the Decision of Cooperation of the Agents
title The Interaction of Formal and Informal Contracts in the Decision of Cooperation of the Agents
spellingShingle The Interaction of Formal and Informal Contracts in the Decision of Cooperation of the Agents
TATIANA IWAI
Cooperation
Formal contracts
Informal contracts
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 The Interaction of Formal and Informal Contracts in the Decision of Cooperation of the Agents
author TATIANA IWAI
author_facet TATIANA IWAI
author_role author
dc.contributor.author.fl_str_mv TATIANA IWAI
dc.subject.por.fl_str_mv Cooperation
Formal contracts
Informal contracts
topic Cooperation
Formal contracts
Informal contracts
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.
publishDate 2016
dc.date.none.fl_str_mv 2016
2022-10-23T05:16:28Z
2022-10-23T05:16:28Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv 1808-2386
https://repositorio.insper.edu.br/handle/11224/4406
http://dx.doi.org/10.15728/bbr.2016.13.1.3
1
13
identifier_str_mv 1808-2386
1
13
url https://repositorio.insper.edu.br/handle/11224/4406
http://dx.doi.org/10.15728/bbr.2016.13.1.3
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv Brazilian Business Review (BBR)
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv p. 47-68
Digital
application/pdf
application/pdf
dc.coverage.none.fl_str_mv Brasil
Vitória
dc.publisher.none.fl_str_mv Fucape Business School
publisher.none.fl_str_mv Fucape Business School
dc.source.none.fl_str_mv reponame:Repositório Institucional da INSPER
instname:Instituição de Ensino Superior e de Pesquisa (INSPER)
instacron:INSPER
instname_str Instituição de Ensino Superior e de Pesquisa (INSPER)
instacron_str INSPER
institution INSPER
reponame_str Repositório Institucional da INSPER
collection Repositório Institucional da INSPER
repository.name.fl_str_mv Repositório Institucional da INSPER - Instituição de Ensino Superior e de Pesquisa (INSPER)
repository.mail.fl_str_mv biblioteca@insper.edu.br || conteudobiblioteca@insper.edu.br
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