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The Relational Economy

Analyzing partial cooperation in economic behavior

Posted on 2010-10-022010-10-02

I have posted a new working paper with Subhadip Chakrabarti and Emiliya Lazarova (Both from Queen’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 and applications are discussed in the paper.

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