Articles

Transparency, Contract Selection and the Maritime Trade of Venetian Crete, 1303-1351

Transparency, Contract Selection and the Maritime Trade of Venetian Crete, 1303-1351


We are searching data for your request:

Forums and discussions:
Manuals and reference books:
Data from registers:
Wait the end of the search in all databases.
Upon completion, a link will appear to access the found materials.

Transparency, Contract Selection and the Maritime Trade of Venetian Crete, 1303-1351

Williamson, Dean V.

US Department of Justice, July (2001)

Abstract

The paper explores how merchants enabled long-distance trade in the Mediterranean before and after the Black Death. The Black Death disrupted the flows of information about commercial prospects upon which merchants depended for deciding when, where, and in which commodities to trade. With the emergence of plague, merchants lost contacts and agents in geographically dispersed markets, and they were not in a position to immediately ascertain the damage to their informational capital. No less importantly, the disruption of information impinged how merchants contracted the services of trading agents. Using agents enabled merchants to distribute their investments and managerial energies across portfolios of ventures that networks of agents could conduct simultaneously in geographically dispersed markets. Even so, agency introduced a problem of asymmetric information that impinged the design of agency contracts. Agents might cheat merchants by misreporting transactions – transactions that merchants could neither observe nor verify.


Watch the video: Venetian House (June 2022).


Comments:

  1. Vaden

    Thanks for your help in this matter, now I don't tolerate such mistakes.

  2. Andwyrdan

    Granted, very useful phrase

  3. Gaffney

    I would like to encourage you to look for a site where many articles on the subject you are interested in.

  4. Lathrop

    Accept bad turnover.

  5. Scelftun

    Bravo, brilliant idea and timely



Write a message