Today a report was released of the think tanks Common Wealth and the Institute for Public Policy Research (IPPR) about the causes of inflation. This report confirms that in our contemporary economy, inflation is significantly driven by greed and profiteering by transnational corporations. The report is summarised here. Traditionally, in economics, inflation has theoretically three…
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Potential Game Theory project
On this page I will posts updates and book chapters of a book project to provide a comprehensive, technical overview of potential game theory with its main applications. When book chapters become available, I will post these here as independent working papers. I hope to post drafts of the first chapters soon.
Research update: Gately values
Recently, I stumbled into research on a solution concept for cooperative games that was completely unknown to me: The Gately Value. This solution concept was introduced by Gately (1974) for a particular limited set of cost problems. These cost problems can be transcribed as cooperative games and Gately proposed an innovative solution method to allocate…
Update on Brexit: How are things going for the UK and Northern Ireland, in particular?
After the UK’s decision to leave the European Union (EU), commonly known as Brexit, it has become evident that this monumental shift has had and will continue to have a profound impact on both the UK and the EU from an economic standpoint. The ramifications of Brexit have already become apparent in several key areas,…
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Trip to the Balkans and The Netherlands in April 2022
Trip to Bosnia, Serbia and The Netherlands
We travelled in the first two and a half weeks of April 2022 to the Balkans with a short visit to The Netherlands. It turned out to be an interesting, but exhausting trip. Jelena was invited to give a seminar at a fair on the development of the western Balkan economies that was held in…