Transaction Trust in Normative Multiagent Systems
نویسندگان
چکیده
In this paper we apply Boella and van der Torre’s normative multiagent systems to analyze a model of transaction trust introduced by Tan and colleagues. We discuss the role of constitutive and regulative norms in party trust and control trust. Moreover, we use so called contract negotiation games to indicate when controls are needed. Though sometimes regulators focus exclusively on adding controls, a scenario analysis can be used to show when this is not needed. We illustrate these issues of transaction trust by a case study from international trade, namely the Letter of Credit procedure.
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