Show or hide comments about the document.
Search over the document's text.
Share the document through social networks or e-mail.
After selecting an area on the page.
...you can:
copy the text
share the segment
comment
cite the document

Fall 2000

ISSN 0890-913X

Volume 16, Number 1

Categories: Fall 2000 | Law

Private Sources of Trust and Recourse : Prerequisites for the Successful Emergence of Markets in Cyberspace

Bruce L. Benson , Florida State University

Download

e-mail

<< Back to editing
Previous version by
<< Older
Newer >>
Revert to this one

Edit
Cancel
Fullscreen

Show comments
Zoom:
Page: / 25

Line spacing:
Word spacing:

Search:FindClose

search results

PrivateSourcesofTrustandRecourse:PrerequisitesfortheSuccessfulEmergenceofMarketsinCyberspaceBruceL.Benson*FloridaStateUniversityIntroduction:alackoftrustinemergingmarketsandthepotentialroleoflawTheavailabilityoflow-cost,high-speedcomputing,alongwithseveralotherinnovativedevelopmentssuchascomputernetworkingthatcreatesthepossibilityofAcyberspace@(thelinkingofnumbersofpeopleasiftheyweremeetinginphysicalspace),offersawaytoconductbusinesstrades(andmanyotherkindsoftransactions)almostinstantaneouslyandatverylowcosts(Bennett,1999a:1)Thesetechnologicaladvanceswouldappeartobesosignificantatloweringtradingcosts,thatcyberspaceshouldbecomeaprimarylocationforinternationalcommercialtransactions.Andcommerceisexpandingon*Acknowledgements:ThispaperwaspresentedattheAssociationofPrivateEnterpriseEducation(APEE)meetingsinLasVegas,April2-4,2000.Itcanbeseenasanextensionoforaddendumtothepaperpresentedatthe1999APEEmeetings(Benson1999b)anditdrawsuponanearlierpaper(Benson2000b)whichwaspresentedattheCenterfortheStudyofEmergingInstitutionsinauguralconferenceonLexCybernatoria:VoluntaryRuleofLawinaTransnationalMedium,Reykjavik,Iceland,October14-18,1998.Iwishtothankseveraloftheparticipants(especiallyJimBennett,JohnHasnas,LeonardLiggio,CharlesRowley,BirgirRunolfsson,andCharlesEvans).ThepaperisalsoispartofalargerprojectonlawandlegalinstitutionswhichhasbeensupportedbytwoEarhartFoundationFellowships,researchgrantsfromtheInstituteforHumaneStudiesandtheCarthageFoundation,andabookcontractfromtheIndependentInstitute.theinternetatasubstantialrate.Small-scalecyberspacetransactions(retailing)certainlyisdeveloping,andmanyfirmsthathaveestablishedreputationsinreal-spacecommerceareemployingthe

GLIFOS-digital_archive

Metadata [hide]

Title	Private Sources of Trust and Recourse : Prerequisites for the Successful Emergence of Markets in Cyberspace
Authors/Creators:	Bruce L. Benson , Florida State University
Year:	2000
Volume:	16
Number:	1
Pages:	69 - 92
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	Law, Contracts, Transaction costs, Telecommunications, Polycentric Law, Customary Law

Citation:
Benson, Bruce L. / 2000. "Private Sources of Trust and Recourse : Prerequisites for the Successful Emergence of Markets in Cyberspace." The Journal of Private Enterprise, 16(1): 69-92.