Objective
Thanks to the decreased cost of transportation and communication, the world became a densely connected network. This is particularly true for economics. Regional developments affect the rest of the world. Similarly, global trends influence all regions. International trade connects world markets to the extent that the world prices are determined by a global process. The price of petrol is influenced by the Chinese economy, Middle East politics and the weather in the North Sea. The market for natural gas presents an even more complex example. There exists no world price for natural gas and the local prices are determined by the structure of the pipelines. Each country affects the price through its connections. This is also the case for commonly shared natural resources like fisheries, fresh water sources etc. A structural analysis is required to understand the patterns of interaction and to quantify the influence that countries or markets have on each other. The study of interconnected units, Graph Theory, is a well established branch of mathematics. It provides us with tools and techniques of structural analysis. We will use it to examine the networks formed by the suppliers and demanders in international markets. We will determine which links are crucial for connecting the network. We will quantify and measure network concepts like centrality, connectivity, denseness, etc. The economic units that form a network act strategically. Each economic agent takes into account the effect its actions will have on others. This makes our analysis even more interesting. The network structure influences agents’ decisions and plays a strategic role. We will make use of Game Theory to analyse strategic behavior. We will determine what is the best strategy for an economic unit in the network. We will explore how multiple units can improve their position through connections and/or cooperation.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- social sciences economics and business economics
- engineering and technology environmental engineering energy and fuels fossil energy natural gas
- natural sciences mathematics applied mathematics game theory
- natural sciences mathematics pure mathematics discrete mathematics graph theory
- social sciences economics and business business and management commerce
You need to log in or register to use this function
Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
FP7-PEOPLE-2007-2-1-IEF
See other projects for this call
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
6200 MD Maastricht
Netherlands
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.