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	<title>The Relational Economy</title>
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	<link>http://www.relationaleconomy.net</link>
	<description>Research site of Professor Robert Gilles</description>
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		<title>Revised research paper available</title>
		<link>http://www.relationaleconomy.net/2011/12/revised-research-paper-available/</link>
		<comments>http://www.relationaleconomy.net/2011/12/revised-research-paper-available/#comments</comments>
		<pubDate>Fri, 02 Dec 2011 10:01:43 +0000</pubDate>
		<dc:creator>Robert Gilles</dc:creator>
				<category><![CDATA[Changes to site]]></category>
		<category><![CDATA[Networks]]></category>

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		<description><![CDATA[An updated and revised draft of the paper on the game theoretic analysis of consent in network formation with Subhadip Chakrabarti and Sudipta Sarangi is now available at the network formation page.]]></description>
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		<title>Thinking about the consequences of economic networks</title>
		<link>http://www.relationaleconomy.net/2011/09/thinking-about-the-consequences-of-economic-networks/</link>
		<comments>http://www.relationaleconomy.net/2011/09/thinking-about-the-consequences-of-economic-networks/#comments</comments>
		<pubDate>Sat, 10 Sep 2011 20:18:02 +0000</pubDate>
		<dc:creator>Robert Gilles</dc:creator>
				<category><![CDATA[Changes to site]]></category>
		<category><![CDATA[Networks]]></category>

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		<description><![CDATA[I just posted a new paper on multilateral matching in network economies on the game theory page. This paper is co-authored with Emiliya Lazarova (University of Birmingham) and Pieter Ruys (Tilburg University). This paper investigates a network economy in which economic agents are connected within a structure of value-generating relationships. Agents are assumed to be [...]]]></description>
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		<title>Investigating network formation under mutual consent</title>
		<link>http://www.relationaleconomy.net/2011/05/investigating-network-formation-under-mutual-consent/</link>
		<comments>http://www.relationaleconomy.net/2011/05/investigating-network-formation-under-mutual-consent/#comments</comments>
		<pubDate>Sat, 07 May 2011 16:50:48 +0000</pubDate>
		<dc:creator>Robert Gilles</dc:creator>
				<category><![CDATA[Changes to site]]></category>
		<category><![CDATA[Networks]]></category>

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		<description><![CDATA[It seems to me there is a lack of game-theoretic modelling of network formation under mutual consent in the relationship building process. To model such a process of mutual consent is rather difficult. The simplest model from the literature is Myerson&#8217;s network formation game in which all individuals announce which links they want to build. [...]]]></description>
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		<title>New research on naive learning in networks</title>
		<link>http://www.relationaleconomy.net/2010/12/new-research-on-naive-learning-in-networks/</link>
		<comments>http://www.relationaleconomy.net/2010/12/new-research-on-naive-learning-in-networks/#comments</comments>
		<pubDate>Mon, 13 Dec 2010 10:15:46 +0000</pubDate>
		<dc:creator>Robert Gilles</dc:creator>
				<category><![CDATA[Changes to site]]></category>
		<category><![CDATA[Networks]]></category>

		<guid isPermaLink="false">http://www.relationaleconomy.net/?p=182</guid>
		<description><![CDATA[Together with Zhengzheng Pan I am working on how naive economic decision makers operate in complex, multi-layer network structures. In the updated paper that I posted on the game theory research page, we consider how decision makers interact in a network and at the same time observe other decision makers in a separate, but correlated [...]]]></description>
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		<title>Update: Ambiguity and the environment</title>
		<link>http://www.relationaleconomy.net/2010/11/update-ambiguity-and-the-environment/</link>
		<comments>http://www.relationaleconomy.net/2010/11/update-ambiguity-and-the-environment/#comments</comments>
		<pubDate>Thu, 04 Nov 2010 11:18:38 +0000</pubDate>
		<dc:creator>Robert Gilles</dc:creator>
				<category><![CDATA[Changes to site]]></category>

		<guid isPermaLink="false">http://www.relationaleconomy.net/?p=152</guid>
		<description><![CDATA[I have posted an updated draft of the working paper with Dimitrios Diamantaras (Temple University, Philadelphia) on social opinion formation and ambiguity in the (global) environmental debate. The paper is posted on the game theory page. The paper has been revised and edited to be more clear in the presentation of its conclusions.]]></description>
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		<title>Emperors of the network economy</title>
		<link>http://www.relationaleconomy.net/2010/10/emperors-of-the-network-economy/</link>
		<comments>http://www.relationaleconomy.net/2010/10/emperors-of-the-network-economy/#comments</comments>
		<pubDate>Sat, 30 Oct 2010 12:49:18 +0000</pubDate>
		<dc:creator>Robert Gilles</dc:creator>
				<category><![CDATA[Networks]]></category>

		<guid isPermaLink="false">http://www.relationaleconomy.net/?p=143</guid>
		<description><![CDATA[This week news emerged that senior managers at large corporations (FTSE100) gave themselves an average pay rise of 55%. (Today there was a response by an executive that this pay rise was &#8220;only&#8221; 23%&#8230;) This followed earlier news that investment bankers have increased their bonuses to record levels as they face record profits. These tremendous [...]]]></description>
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		<title>Analyzing partial cooperation in economic behavior</title>
		<link>http://www.relationaleconomy.net/2010/10/analyzing-partial-cooperation-in-economic-behavior/</link>
		<comments>http://www.relationaleconomy.net/2010/10/analyzing-partial-cooperation-in-economic-behavior/#comments</comments>
		<pubDate>Sat, 02 Oct 2010 10:18:01 +0000</pubDate>
		<dc:creator>Robert Gilles</dc:creator>
				<category><![CDATA[Changes to site]]></category>

		<guid isPermaLink="false">http://www.relationaleconomy.net/?p=137</guid>
		<description><![CDATA[I have posted a new working paper with Subhadip Chakrabarti and Emiliya Lazarova (Both from Queen&#8217;s University Belfast) on the game theory page. This paper addresses the question of how groups of decision makers cooperate and make decisions. To that end we modify the standard Nash equilibrium concept to capture such cooperative behavior. Existence theorems [...]]]></description>
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		<title>Stiglitz in Glasgow</title>
		<link>http://www.relationaleconomy.net/2010/08/stiglitz-in-glasgow/</link>
		<comments>http://www.relationaleconomy.net/2010/08/stiglitz-in-glasgow/#comments</comments>
		<pubDate>Sat, 28 Aug 2010 13:53:59 +0000</pubDate>
		<dc:creator>Robert Gilles</dc:creator>
				<category><![CDATA[State of economics]]></category>

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		<description><![CDATA[I just returned from the meetings of the European Economic Association (EEA) in Glasgow. It was a good opportunity to assess the state of economics (as a science) after the collapse of the global financial system in 2008. As remarked by Phil Mirowski in a recent article, the state of economics is not very good [...]]]></description>
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		<title>Network formation paper posted</title>
		<link>http://www.relationaleconomy.net/2010/07/network-formation-paper-posted/</link>
		<comments>http://www.relationaleconomy.net/2010/07/network-formation-paper-posted/#comments</comments>
		<pubDate>Wed, 28 Jul 2010 10:48:40 +0000</pubDate>
		<dc:creator>Robert Gilles</dc:creator>
				<category><![CDATA[Changes to site]]></category>

		<guid isPermaLink="false">http://www.relationaleconomy.net/?p=123</guid>
		<description><![CDATA[A new version of my paper with Sudipta Sarangi on belief-based behavior in network formation with communication costs has been posted. The old version is retained as well for more examples and discussion. Please visit the network formation page.]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Failure in the global relational economy</title>
		<link>http://www.relationaleconomy.net/2010/04/failure-of-the-relational-economy/</link>
		<comments>http://www.relationaleconomy.net/2010/04/failure-of-the-relational-economy/#comments</comments>
		<pubDate>Sat, 17 Apr 2010 12:29:30 +0000</pubDate>
		<dc:creator>Robert Gilles</dc:creator>
				<category><![CDATA[Networks]]></category>
		<category><![CDATA[Trust]]></category>

		<guid isPermaLink="false">http://www.relationaleconomy.net/?p=92</guid>
		<description><![CDATA[Yesterday, news broke that the SEC is accusing Goldman-Sachs of exploiting its middleman position for fraudulent purposes. This case is a striking example of what failures the relational or network structure of the global economy can cause without proper regulation and governance. In fact, this case has several important implications for our understanding of the global economy.]]></description>
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