■

Arrighetti, A, R. Bachmann and S. Deakin (1997). 'Contract law, social norms and inter-firm cooperation'. Cambridge Journal of Economics 21(2): 171.
http://proquest.umi.com/pqdweb?did=11614859&Fmt=7&clientId=44986&RQT=309&VName=PQD
The regulation of inter-firm contracting in Germany, Britain, and Italy is analyzed. Contrary to earlier empirical studies and to models drawn from transaction-cost theory, it is found that contract law may play an important role in underpinning long-term, cooperative relationships and in fostering trust. The impact of contract law depends on the relationship between the legal system and other forms of institutional regulation, including trade associations and standard-setting bodies.