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A Behavioral Approach to Learning in Economics - Towards an Economic Theory of Contingent Learning

Slembeck, Tilman - EconWPA - 1999

In economics, adjustment of behavior has traditionally been treated as a "black box." Recent approaches that focus on learning behavior try to model, test, and simulate specific adjustment mechanisms in specific environments (mostly in games). Results often critically depend on distinctive...

Persistent link: https://www.econbiz.de/10005135048

Stochastic Market Sharing, Partial Communication and Collusion

Gerlach, Heiko - EconWPA - 2005

This paper analyzes the role of communication between firms in an infinitely repeated Bertrand game in which firms …-temporal market sharing as a perfect substitute for communication in low demand states. Therefore, partial communication in high … demand states is sufficient to achieve the most collusive, full communication outcome. And partial communication in low …

Persistent link: https://www.econbiz.de/10005561404

Is Innovation King at the Antitrust Agencies? The Intellectual Property Guidelines Five Years Later

Gilbert, Richard J.; Tom, Willard K. - EconWPA - 2001

The Microsoft antitrust case focused public attention on the role of antitrust enforcement in preserving the forces of innovation in high-technology markets. Traditionally, regulators focused on whether companies artificially hiked prices or reduced output. Now, they're increasingly likely to...

Persistent link: https://www.econbiz.de/10005412884

"How Economists Can Get Alife: Abbreviated Version"

Tesfatsion, Leigh - EconWPA - 1995

Artificial life (alife) is the bottom-up study of basic phenomena commonly associated with living agents, such as self- replication, evolution, adaptation, self-organization, exploitation, competition, cooperation, and social network formation. Alife complements the traditional biological and...

Persistent link: https://www.econbiz.de/10005076914

Agent-Based Computational Economics: A Brief Guide to the Literature

Tesfatsion, Leigh - EconWPA - 2000

Agent-based computational economics (ACE)is the computational study of economies modelled as evolving systems of autonomous interacting agents. This short paper is a brief guide to recent ACE research. For more information, visit the ACE Web site at http://www.econ.iastate.edu/tesfatsi/ace.htm....

Persistent link: https://www.econbiz.de/10005076919

Editorial Policy and Editorial, to appear at the front of the first issue of the new Cambridge University Press journal, Macroeconomic Dynamics.

Barnett, William A. - EconWPA - 1997

This statement outlines the objectives and policies of the new journal, Macroeconomic Dynamics, which is dedicated to the advancement of macroeconomics as a science. This Editorial is to appear at the front of the first issue of that journal and is copyright by Cambridge University Press.

Persistent link: https://www.econbiz.de/10005126416

A Computational Laboratory for Evolutionary Trade Networks

McFadzean, David; Stewart, Deron; Tesfatsion, Leigh - EconWPA - 2000

are also provided in real time. The capabilities of the TNG Lab are demonstrated by means of labor market experiments. …

Persistent link: https://www.econbiz.de/10005134562

Why Every Economist Should Learn Some Auction Theory

Klemperer, Paul - EconWPA - 2000

This is an Invited paper for the World Congress of the Econometric Society held in Seattle in August 2000. We discuss the strong connections between auction theory and "standard" economic theory, and argue that auction-theoretic tools and intuitions can provide useful arguments and insights in a...

Persistent link: https://www.econbiz.de/10005135125

Gale-Shapley Matching in an Evolutionary Trade Network Game

Tesfatsion, Leigh - EconWPA - 1998

This study investigates the performance of Gale-Shapley matching in an evolutionary market context. Computational experimental findings are reported for an evolutionary match-and-play trade network game in which resource-constrained traders repeatedly choose and refuse trade partners in...

Persistent link: https://www.econbiz.de/10005407577

Ultimatums and Tantrums: A Resource Sharing Experiment

Janmaat, John - EconWPA - 2005

The ultimatum game experiment has a long history in experimental economics. In-vivo ultimatum like strategic settings often involve uncertain rejection and payoff reversals. This paper presents the results of an ultimatum like experiment extended to reflect characteristics of a shared...

Persistent link: https://www.econbiz.de/10005408212

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