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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

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

Values and Governance Systems

Ruys, Pieter H.M.; van den Brink, J.R.; Semenov, R. - Tilburg University, Center for Economic Research - 1999

representation governance, and a budget-allocation function. The common service is provided by a firm, which consists of a value …-production function, an implementation governance, and a remuneration function. They extend the concepts of the consumer and the producer … in neoclassical theory. The functions mentioned are determined by cooperative games. A governance is represented by a …

Persistent link: https://www.econbiz.de/10011092649

Governance of Clubs and Firms with Cultural Dimensions

Ruys, Pieter H.M.; van den Brink, J.R.; Semenov, R. - Tilburg University, Center for Economic Research - 1999

of institutional features. An institutional approach is introduced that requires a cooperative governance to realize the … potential value-production by firms, or to realize the potential user-value by clubs. For each, a distinctive governance system … is introduced. The firm requires an implementation governance to activate the value-production capacities of its service …

Persistent link: https://www.econbiz.de/10011091595