Relationships, Human Behaviour and Financial Transactions.

Chowdhury, M., 2014. Relationships, Human Behaviour and Financial Transactions. Theoretical Economics Letters, 4.

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DOI: 10.4236/tel.2014.49108


It is widely known that relationships and human behaviours such as trust, reciprocity and altruism that are observed in the human societies are capable of facilitating financial transactions. This paper proposes a theoretical model to argue that though these elements can facilitate financial transactions, they may not always ensure efficiency in the sense of creation of additional wealth. As financial resources are scarce, the paper argues that the financial transactions induced by relationships, trust, reciprocity and altruism may lead to inefficient allocations of resources.

Item Type:Article
Uncontrolled Keywords:Efficiency, Human Behaviour, Financial Transactions
Group:Business School
ID Code:21628
Deposited By: Unnamed user with email symplectic@symplectic
Deposited On:05 Jan 2015 15:33
Last Modified:05 Jan 2015 15:33


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