Relationships, Human Behaviour and Financial Transactions
Authors: Chowdhury, M.
Journal: Theoretical Economics Letters
Volume: 4
DOI: 10.4236/tel.2014.49108
Abstract:It is widely known that relationships and human behaviours such as trust, reciprocity and altruism that are observed in the human societies are capable of facilitating financial transactions. This paper proposes a theoretical model to argue that though these elements can facilitate financial transactions, they may not always ensure efficiency in the sense of creation of additional wealth. As financial resources are scarce, the paper argues that the financial transactions induced by relationships, trust, reciprocity and altruism may lead to inefficient allocations of resources.
https://eprints.bournemouth.ac.uk/21628/
Source: Manual
Preferred by: Mehdi Chowdhury
Relationships, Human Behaviour and Financial Transactions
Authors: Chowdhury, M.
Journal: Theoretical Economics Letters
Volume: 4
ISSN: 2162-2078
Abstract:It is widely known that relationships and human behaviours such as trust, reciprocity and altruism that are observed in the human societies are capable of facilitating financial transactions. This paper proposes a theoretical model to argue that though these elements can facilitate financial transactions, they may not always ensure efficiency in the sense of creation of additional wealth. As financial resources are scarce, the paper argues that the financial transactions induced by relationships, trust, reciprocity and altruism may lead to inefficient allocations of resources.
https://eprints.bournemouth.ac.uk/21628/
Source: BURO EPrints