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Stability, Specialization and Social Recognition

Ruys, Pieter H.M.; Gilles, R.P.; Lazarova, E.A. - Tilburg University, Center for Economic Research - 2006

Yang s theory of economic specialization under increasing returns to scale (Yang 2001) is a formal development of the fundamental Smith-Young theorem on the extent of the market and the social division of labor.In this theory specialization and, thus, the social division of labor is firmly...

Persistent link: https://www.econbiz.de/10011090467

Economic Institutions and Stability : A Network Approach

Ruys, Pieter H.M.; Gilles, R.P.; Lazarova, E.A. - Tilburg University, Center for Economic Research - 2011

We consider a network economy in which economic agents are connected within a structure of value-generating relationships. Agents are assumed to be able to participate in three types of economic activities: autarkic self-provision; binary matching interactions; and multi-person cooperative...

Persistent link: https://www.econbiz.de/10011092351

The Role of Middlemen inEfficient and Strongly Pairwise Stable Networks

Gilles, R.P.; Chakrabarti, S.; Sarangi, S.; Badasyan, N. - Tilburg University, Center for Economic Research - 2004

delete any subset of links under their control.We examine the properties of strongly pairwise stable networks and find that … such networks.We show that for the component-wise egalitarian rule there is no conflict between the efficient and stable … networks when these middlemen have no incentive to break up the network. Finally, we examine efficiency and stability in …

Persistent link: https://www.econbiz.de/10011092608

Stable Economic Cooperation : A Relational Approach

Ruys, Pieter H.M.; Gilles, R.P.; Lazarova, E.A. - Tilburg University, Center for Economic Research - 2008

We consider a relational economy in which economic agents participate in three types of relational economic activities: autarkic activities; binary matching activities; and plural cooperative activities. We introduce a stability notion and characterize stable interaction structures, both in the...

Persistent link: https://www.econbiz.de/10011092861