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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/10012725147
We describe and analyze five consecutive modes of governance in the Dutch social housing sector. We compare these institutional forms with the five policy values that the sector was assumed to realize. For that purpose we propose and use a new, analytical framework based on a separation...
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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/10012733869
Xiaokai Yang's theory of economic specialization under increasing returns to scale 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 embedded...
Persistent link: https://www.econbiz.de/10012733887
The problem of assessing a system of governance for composite services in the social economy is approached by means of original methods. The main innovation is that the welfare structure of a society is separated from the legal transaction - or institutional structure. As both the various types...
Persistent link: https://www.econbiz.de/10012735118
We model a corporate firm in a competitive market setting, consisting of a production technology, a hierarchical organization structure, a cost efficiency parameter, and an internal pay-system. The depth of the firm determines its output and is set by profit maximization under the participation...
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