@techreport{016d566b7c534030943e812ec86f70c3,
title = "Stable Economic Cooperation: A Relational Approach",
abstract = "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 absence of externalities from cooperation as well as in the presence of size-based externalities. It is shown that institutional elements such as the emergence of socio-economic roles and organizations based on hierarchical leadership structures support and promote stable economic development.",
keywords = "Cooperatives, Networks, Clubs, Relational economies, Stable matchings",
author = "R.P. Gilles and E.A. Lazarova and P.H.M. Ruys",
note = "Pagination: 47",
year = "2008",
language = "English",
volume = "2008-25",
series = "CentER Discussion Paper",
publisher = "Microeconomics",
type = "WorkingPaper",
institution = "Microeconomics",
}