...records of others, use their human capital for destructive purposes. Social capital Social capital is the shared knowledge, understandings, norms, rules, and...groups of individuals bring to a recurrent activity (Coleman 1988; E. Ostrom 1990, 1992; Putnam, Leonardi, and Nanetti 1993). In the establishment of any...

...is well summarized in Ostrom (2000, p. 176): "Social capital is the shared knowledge, understanding, norms, rules, and expectations about patterns of interactions...groups of individuals bring to a recurrent activity. . . When they face social dilemmas or collective-action situations. . . participants must find ways...

...relations between actors and among actors that encourages productive activities" (Coleman, 1988); or "the shared knowledge, understandings, norms, rules and...groups of individuals bring to a recurrent activity" (Ostrom, 2000). Social capital is important because virtually every commercial transaction has within...

...reciprocity and trustworthiness that arise from them (p. 19). Ostrom (2000) writes: Social capital is the shared knowledge, understandings, norms, rules and...groups of individuals bring to a recurrent activity (p. 176). In a similar vein Bowles and Gintis (2002) state: Social capital generally refers to trust,...

...Fischer/Petersen/Huppert (2004), p. 28. 19 See Helmke/Levitsky (2004), pp. 725-734 and Pejovich (1999), p. 2. understandings, norms, rules, and expectations about...groups of individuals bring to a recurrent activity", is also used. ° While formal constraints are often easily observed, even by an outsider, identifying...