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…
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Network formation paper posted
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.
Failure in the global relational economy
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.
New page on game theory and applications
I just added a new page to this web site with recent working papers on game theory and its applications. I posted two papers, one with Dimitrios Diamantaras on using ambiguity equilibrium concepts to understand social opinion formation and one with Zhengzheng Pan on a dynamic, boundedly rational learning process in a setting where interaction…
Game Theory & Applications
This page contains ongoing research projects and working papers on pure and applied game theory, in particular cooperative game theory and its applications. Gately Values of Cooperative Games by Robert P. Gilles and Lina Mallozzi Updated July 2023 Abstract:We investigate Gately’s solution concept for cooperative games with transferable utilities. Gately’s conception introduced a bargaining solution…
Publications
Books Peer reviewed journal publications Book chapters Reviews and Proceedings Online publications Last updated: 2023-09-27.