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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
networks and show that those with larger maximum independent sets can sustain greater levels of inequality. The intuition … behind this result is that networks with larger maximum independent sets are more sparse and hence offer fewer opportunities … show that the ranking of networks by the extent of extremal inequality is not invariant in k. …
Persistent link: https://www.econbiz.de/10011092255
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
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
This chapter pleads for more inspiration from human nature, in agent-based modeling.As an illustration of an effort in that direction, it summarizes and discusses an agentbased model of the build-up and adaptation of trust between multiple producers and suppliers.The central question is whether,...
Persistent link: https://www.econbiz.de/10011092096
infrastructures’ single-layer networks gives an accurate picture of a financial system’s true connective architecture. We examine and … compare the main properties of Colombian multiplex and interacting financial networks. Coupling financial institutions …’ multiplex networks with financial market infrastructures’ networks removes modularity, which enhances financial instability …
Persistent link: https://www.econbiz.de/10011092313
specified concerning differences between networks for exploration and exploitation, and concerning combinations and transitions …
Persistent link: https://www.econbiz.de/10011091276
and strength of ties in innovation networks.We study both exploration and exploitation networks in the Dutch multimedia …
Persistent link: https://www.econbiz.de/10011091807
This paper gives a survey of insights into inter-firm alliances and networks for innovation, from a constructivist … cognitive distance. Hence the importance of networks for innovation.On the governance side, the paper gives a review of … density and strength of ties in innovation networks, concerning both competence and governance. …
Persistent link: https://www.econbiz.de/10011092744
with evidence from other interbank markets and other financial networks regarding the flaws of traditional direct financial … contagion models based on homogeneous and non-hierarchical networks. Also, results provide further evidence about financial … networks’ self-organization emerging from complex adaptive financial systems. Our research contributes by (i) examining and …
Persistent link: https://www.econbiz.de/10011092945