ECONOMIC COMPETITION AND COOPERATION IN THE CONTEXT OF SOCIAL CAPITAL

Authors

  • Firuza Mayilyan Armenian State University of Economics
  • Grisha Gharibyan Yerevan State University
  • Razmik Isahakyan Institute of Economics after M. Kotanyan of the NAS of the RA

DOI:

https://doi.org/10.46991/BYSU:G/2019.10.2.041

Keywords:

economic competition, evolution, coordination mechanism, partnership, distribution of social capital

Abstract

The article discusses the issues of economic competition in the context of social capital theory. Particularly, the role of economic competition as an effective resource allocation mechanism, within the framework of a new classical approach has been analyzed. The positive and negative aspects of the competitive mechanism of resource allocation and economic efficiency have been revealed. The article presents the institutional mechanisms of cooperation as an alternative mechanism of economic system coordination and resource allocation. Mechanisms of cooperation have been discussed in the context of social capital.

Downloads

Published

2019-07-23

How to Cite

Mayilyan, F., Gharibyan, G., & Isahakyan, R. (2019). ECONOMIC COMPETITION AND COOPERATION IN THE CONTEXT OF SOCIAL CAPITAL. Bulletin of Yerevan University G: Economics, 10(2 (29), 41–48. https://doi.org/10.46991/BYSU:G/2019.10.2.041

Issue

Vol. 10 No. 2 (29) (2019)

Section

Articles

License

Copyright (c) 2019 Bulletin of Yerevan University

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.