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A market economy will not emerge from a redistributive economy automatically once the state abolishes a redistributive system. Because of the cognitive incompleteness of market actors in post-redistributive societies, and also because of the conflicts between the state and local interests and...
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This paper discusses the way in which the economic literature has solved Williamson?s selective intervention puzzle: why is that vertical integration, which gives the purchasing firm more control over its trading partner, not always more profitable than vertical separation? I argue that all the...
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Oliver E. Williamson is the 2009 co-recipient (with Elinor Ostrom) of the Nobel Memorial Prize in Economics, awarded ‘for his analysis of economic governance, especially the boundaries of the firm’.
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As a way of simplifying, size reducing and making the structure of each social network be comprehensible, blockmodeling … relations between and within positions. While actor partitioning in conventional blockmodeling is performed by several … equivalence definitions, generalized blockmodeling, searches, locally, the best partition vector that best satisfies a …
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