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Name der Kandidatin:
Gizem Yildirim
Names der Prüferinnen:
Hardy Hanappi
Alexander Mehlmann
Titel:
The Dynamics of Europe’s Political Economy:
a game theoretical analysis
ABSTRACT
Coalition formation models deal with the creation of groups amongst agents as well
as the determination of the outcome of many social, economic and political
interactions. Although coalition formation is a well studied concept in the domain
of economics, particularly in game theory, most models focus on a stable outcome
and theprocess of coalition formation has received less attention. Indeed, the
process of coalition formation is the point of departure of my research. The main
goal of this thesis is to investigate the process of coalition formation with a
focus on international agreements and the dynamics of Europe's political economy.
Two game-theoretical coalition formation models are built and tailored to the EU
and international coalitions in general. One of the aims is to establish links
between theoretical models and applications thereby getting a better under standing
of dynamics of the EU. While the first model uses a sequential approach in which
players iteratively form subcoalitions, the second model uses a simultaneous
approach in which players form coalitions at once with all members. The sequential
algorithm for coalition formation is inspired by the study of jets in high energy
physics experiments and the simultaneous model is inspired by correlation
clustering in computer science.
Python implementations of coalition formation algorithms are presented. The results
including data from 28 European countries illustrate the impact of the distance
function in the process. Both models predict five founder member states (with the
exception of Italy) of the EU.