Walter Thoen

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In this paper we present a generic model of trust for electronic commerce. The basic components of the model are party trust and control trust. We argue that an agent’s trust in a transaction with another party is a combination of the trust in the other party and the trust in the control mechanisms for the successful performance of the transaction. The(More)
Contracts play an important role in the every day life of many individuals. Contracts are often negotiated and drafted in an unstructured manner. In this paper we propose a more structured model driven approach to contracting. In particular, we focus on developing a risk and trust model for the transaction that is subsequently used to negotiate the(More)