Exchange Relationship
First published: 22 April 2020
Abstract
An exchange relation is the relationship formed between two or more actors when they interdependently interact to exchange resources. Exchange relations may be economic (short-term, quid pro quo exchange of resources) or social (longer-term interactions involving mutual trust). Initially limited to the behavior of individual actors' reciprocal interactions with others and the resulting obligations between partners, the construct has been extended to include groups, organizations, and networks.
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