The stability and efficiency of a cooperative economic network: An application to the CUG model

Date of Publication

2018

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Mathematics with specialization in Business Applications

Subject Categories

Applied Mathematics | Economic Theory

College

College of Science

Department/Unit

Mathematics and Statistics

Thesis Adviser

Ederlina G. Nocon

Abstract/Summary

In this paper, we construct a representation of a cooperative economic network to analyze the relationship between companies, universities, and government (CUG). First, we define a pairwise stable and efficient network having an assumption that universities involved in a network have unlimited research capacity. Under these conditions, a network that includes the "strongest" universities (excellent research capabilities) is considered pairwise stable. However, a pairwise stable network does not always result to a maximum efficiency unless it is a complete network. Hence, the network shows "tension" between stability and efficiency. Secondly, we study an improved model in which we restrict the research capacities of the universities involve in the network. We have shown that a company can generate a maximum utility even if "weaker" universities are included in the network considering that "stronger" universities are over their research capacities. This paper serves as an exposition to the work done by Yongjin Lu, Zhifu Xie, and Jing Zhang entitled An Analysis of the Stability and the Efficiency of a Cooperative Network among Companies, Universities and Local Government.

Abstract Format

html

Language

English

Format

Electronic

Accession Number

CDTU017657

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

1 computer disc ; 4 3/4 in.

Keywords

Game theory

Upload Full Text

wf_no

Embargo Period

6-10-2026

This document is currently not available here.

Share

COinS