Stability in a network economy: The role of institutions

Robert P. Gilles, Emiliya Lazarova and Pieter Ruys

Journal of Economic Behavior & Organization, 2015, vol. 119, issue C, 375-399

Abstract: We consider an economy in which agents are embedded in a network of potential value-generating relationships. Agents are assumed to be able to participate in three types of economic interactions: Autarkic self-provision; bilateral interaction; and multilateral collaboration through endogenously provided platforms.

Keywords: Network economies; Bilateral and multilateral interaction; Stable outcomes; Institutional stability (search for similar items in EconPapers)
JEL-codes: C72 D71 D85 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (10)

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Working Paper: Stability in a Network Economy: The Role of Institutions (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:119:y:2015:i:c:p:375-399

DOI: 10.1016/j.jebo.2015.09.011

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