Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1019569 | Journal of Business Venturing | 2008 | 14 Pages |
Abstract
This paper analyzes the under-researched issue of formal business networks comprising voluntary groupings of entrepreneurs who share knowledge and experiences between themselves. Economic analysis is used to show how formal business networks which enable entrepreneurs to share good and bad practice can improve efficiency and social welfare. The paper also derives conditions for the existence and equilibrium size of formal business networks. Two principles of network design are proposed to promote their stability and to avoid their collapse.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Simon C. Parker,