Selten, Reinhard; Ostmann, Axel - University of Bonn, Germany - 2000
The paper presents the concept of an "imitation equilibrium" and explores it in the context of some simple oligopoly … group is imitated. Imitation is the adoption of the imitated player's strategy. Imitation equilibrium does not only mean … equilibrium directly or by a "return path" after an unsuccessful deviation. The imitation equilibrium concept is motivated by the …