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We model an economy with social institutions that facilitate trade and induce three types of costs: establishment costs, access costs, and use costs. Use costs are specific transaction costs related to the use of these trade institutions. We assume that a trade institution is economically...
Persistent link: https://www.econbiz.de/10005596556
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/10014179168
Persistent link: https://www.econbiz.de/10009238210
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. We introduce two...
Persistent link: https://www.econbiz.de/10010486367
Persistent link: https://www.econbiz.de/10011572825