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Relationships between institutional economics of cooperation and the political economy of trustKeywords: cooperation, institutional economics, political economy, trust. Abstract: the aim of this paper is to analyse the relationship between institutional economics of cooperation and the political economy of trust. transactions costs, principal-agent theory, market power, increasing-returns theory and value creation, strategic management: competitive forces, resource-based theory, organisational knowledge and learning, strategic choice theory and collective efficiency theory are reviewed. lastly, the political economy of trust is sustained.
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