Trust as a Basic Element of the Institutional Environment for the Production of Local Public Goods
The article analyzes the role of trust in improving the efficiency of the production of local public goods, taking into account the problem of contract process management and the level of transaction costs. The mechanism of implicit contracting between the producer (the State) and the consumer (citi...
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| Format: | Article |
| Language: | English |
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Research Centre of Industrial Problems of Development of NAS of Ukraine
2020-04-01
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| Series: | Bìznes Inform |
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| Online Access: | https://www.business-inform.net/export_pdf/business-inform-2020-4_0-pages-8_14.pdf |