Rational exchange and trust: Business relationships in a fishing community

Autor:	Cecelia M. Formichella, J. Stephen Thomas
Rok vydání:	1989
Předmět:	Microeconomics Variable (computer science) Sociology and Political Science media_common.quotation_subject Commodity Fishing Economics Relevance (law) Quality (business) Marketing media_common Test (assessment) Social theory
Zdroj:	Sociological Spectrum. 9:259-268
ISSN:	1521-0707 0273-2173
DOI:	10.1080/02732173.1989.9981889
Popis:	This paper assesses the hypothesis that in markets where information is lacking concerning the price and the quality of a commodity and the commodity is variable in its supply, sellers will tend to form long‐term, stable relationships with buyers. Data from a coastal Alabama community are used to test the nature of exchange relations between commercial shrimp fishers and the dealers to whom they sell. It is further hypothesized that the social aspects of these exchanges will better predict stable relationships than will economic aspects. The evidence presented supports the stated hypotheses. Finally, the relevance of this research for social theory is discussed.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::ed636d86a1409b47279b0d3178f693de https://doi.org/10.1080/02732173.1989.9981889 Zobrazit plný text záznamu