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. Finally, we apply this general theory to a number of applications like the Nash demand game, the War of Attrition, Cournot and … Bertrand oligopoly games, and mixed strategies. -- replicator dynamics ; evolutionary stability ; continuous strategy spaces … ; oligopoly …
Persistent link: https://www.econbiz.de/10009578001
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We introduce a generalized theoretical approach to study imitation models and subject themodels to rigorous experimental testing. In our theoretical analysis we find that the differentpredictions of previous imitation models are due to different informational assumptions, notto different...
Persistent link: https://www.econbiz.de/10011509505
It is a very well-known result that in terms of evolutionary stability the long-run outcome of a Cournot oligopoly …. Contrary to Tanaka (1999) we show that the evolutionarily stable price in an asymmetric Cournot oligopoly needs not equal the … order to transform the game with asymmetric firms into a symmetric oligopoly game and then extend Schaffer’s definition …
Persistent link: https://www.econbiz.de/10010399434
In this paper, we propose an evolutionary model of oligopoly competition where agents can select between different … behavioral rules to make decisions on productions. We formalize the model as a general class of evolutionary oligopoly games and …
Persistent link: https://www.econbiz.de/10013021723
In this paper, we analyze the properties of evolutionary switching models for oligopoly games, where boundedly rational … fixed points of the corresponding dynamic processes. The population of firms in the oligopoly is subdivided into fractions …
Persistent link: https://www.econbiz.de/10012993870
It is a very well-known result that in terms of evolutionary stability the long-run outcome of a Cournot oligopoly …. Contrary to Tanaka (1999) we show that the evolutionarily stable price in an asymmetric Cournot oligopoly needs not equal the … order to transform the game with asymmetric firms into a symmetric oligopoly game and then extend Schaffer's definition …
Persistent link: https://www.econbiz.de/10013028699
context of a quantity competition oligopoly game. This paper aims to present a different solution concept for an evolutionary … model in the asymmetric oligopoly setup where firms have different cost functions to produce a homogenous good. Then, using … the approach introduced by Carvajal et al. (2013), we derive the testable conditions of the evolutionary oligopoly model …
Persistent link: https://www.econbiz.de/10011337011
On a homogeneous oligopoly market informed sellers are fully aware of market demand whereas uninformed sellers only …. -- evolution ; oligopoly ; market research ; private information …
Persistent link: https://www.econbiz.de/10009612010
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