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Trust and Economic Learning
Trust and Economic Learning brings together innovative research by an internationally recognised group of scholars from Europe and the United States. The distinction between trust and a variety of related concepts, including reputation, implicit contracts and confidence is examined.
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Critical Acclaim
Contributors
Contents
More Information
The 1990s have witnessed a vast growth of research on the topics of trust and learning. This can be explained by the profound technological and organizational changes that have made both inter-and intra-firm trust indispensable for sustaining the forms of learning that underlie successful competitive performance.
Trust and Economic Learning brings together innovative research by an internationally recognized group of scholars from Europe and the United States. The distinction between trust and a variety of related concepts, including reputation, implicit contracts and confidence is examined. The links between learning and trust are then explored using a number of original empirical contributions and theoretical approaches including an adaptation of game theory, Marengo’s computational model of organizational learning and the ‘step by step’ rule developed by Lazaric and Lorenz. In addition, Bayesian learning models are compared with evolutionary approaches based on tools of artificial intelligence to evaluate the preconditions for establishing trust.
This unique volume will be a highly useful companion to traditional graduate-level texts in industrial organization. It constitutes a valuable source of knowledge for practitioners and policymakers alike. It will also be of interest to scholars interested in evolutionary and institutional economics, technology and innovation and international business.
Trust and Economic Learning brings together innovative research by an internationally recognized group of scholars from Europe and the United States. The distinction between trust and a variety of related concepts, including reputation, implicit contracts and confidence is examined. The links between learning and trust are then explored using a number of original empirical contributions and theoretical approaches including an adaptation of game theory, Marengo’s computational model of organizational learning and the ‘step by step’ rule developed by Lazaric and Lorenz. In addition, Bayesian learning models are compared with evolutionary approaches based on tools of artificial intelligence to evaluate the preconditions for establishing trust.
This unique volume will be a highly useful companion to traditional graduate-level texts in industrial organization. It constitutes a valuable source of knowledge for practitioners and policymakers alike. It will also be of interest to scholars interested in evolutionary and institutional economics, technology and innovation and international business.
Critical Acclaim
‘This book is a welcome addition to two growing literatures in economics: on “trust” and “learning”. . . . The book is well produced and well edited by Lazaric and Lorenz who provide a useful introduction and overview in their chapter on “The learning dynamics of trust, reputation and confidence”.’
– Jonathan Michie, The Economic Journal
– Jonathan Michie, The Economic Journal
Contributors
Contributors: B. Baudry, B. Coriat, J.-C. Dupuy, A. Edmondson, D. Foray, S. Guennif, N. Lazaric, P. Livet, E. Lorenz, G.S. Mani, L. Marengo, B. Moingeon, A. Orléan, B. Reynaud, D. Rivaud-Danset, M. Sako, P.P. Saviotti, H. Tordjman, A. Torre
Contents
Contents: Introduction Part I: Notions of Trust in Economic Cooperation 1. The Information Requirements of Trust in Supplier Relations 2. Self-Interest, Trust and Institutions 3. Trust in Inter-Firm Relations 4. Trust and Collective Action in Financial Markets Part II: Collective Learning Dynamics 5. The Formation of Beliefs on Financial Markets 6. The Ambivalent Role of Imitation in Decentralised Collective Learning 7. Cooperation and Trust in Spatially Clustered Firms 8. The Economics of Knowledge Openness 9. Technological Evolution, Self-Organisation and Knowledge Part III: Trust and Organisational Learning 10. Trust and Organisational Learning During Inter-Firm Cooperation 11. Knowledge Distribution and Coordination in Organisations 12. Trust and Organisational Learning 13. Organisational Trust, Learning and Implicit Commitments
