On Exchange and Deceit

  • Holger Bonus


Exchange is the act of giving or taking one thing in return for another. Exchanges are made because the parties to the deal wish to receive a good or service which is of value to them. Since the good or service received may turn out less valuable than expected, the possibility exists that parties find themselves deceived. It is interesting to see whether deceit is inevitable or just a possibility when it comes to exchange.


Institutional Change Money Supply Cultural Knowledge Credence Quality Credible Commitment 
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© Springer Science+Business Media New York 2001

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  • Holger Bonus

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