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This paper demonstrates the effects of
modeling an endogenous rate of time preference and two cash-in-advance constraints.
If the constraint is levied on consumption and capital goods, time preference
effects are neutral and cash-in-advance constraint effects invert the Tobin
Effect. If the constraint applies solely to consumption goods, opposing motives
are offsetting and monetary policy is super neutral.
Against the background of principal-agent
and transaction-cost theoretical considerations, this study addresses the question
whether relational competencies relate to trust within cooperative
relationships, taking into account also situational and personal factors. In its conclusion, the study presents an experimentally
confirmed model (n = 282) that shows the strong causal relationship between
relational competencies and trust allowing boundary-spanning agents to exert
influence on the development and maintenance of complex cooperative
relationships characterized by long-term objectives.