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The paper presents the concept of an "imitation equilibrium" and explores it in the context of some simple oligopoly models. The concept applies to normal form games enriched by a "reference structure" specifying a "reference group" for every player. The reference group is a set of other...
Persistent link: https://www.econbiz.de/10010317643
The paper presents the concept of an imitation equilibrium and explores it in the context of some simple oligopoly models. The concept applies to normal form games enriched by a reference structure specifying a reference group for every player. The reference group is a set of other players, whom...
Persistent link: https://www.econbiz.de/10011538885
The main concern of this contribution is to review the approach Condorcet applied to problems of aggregation and representation. The modern viewpoint usually chosen for these topic is mainly driven by social choice theory. Here the viewpoint was altered and the problems and solutions were...
Persistent link: https://www.econbiz.de/10014223128
The paper presents the concept of an "imitation equilibrium" and explores it in the context of some simple oligopoly models. The concept applies to normal form games enriched by a "reference structure" specifying a "reference group" for every player. The reference group is a set of other...
Persistent link: https://www.econbiz.de/10004968457