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Imitation - Theory and Experimental Evidence

Apesteguia, Jose; Huck, Steffen; Oechssler, Jorg - EconWPA - 2003

We introduce a generalized theoretical approach to study imitation models and subject the models to rigorous … experimental testing. In our theoretical analysis we find that the different predictions of previous imitation models are due to … the generalized imitation model predicts the differences between treatments well. The data also provide support for …

Persistent link: https://www.econbiz.de/10005125578

Rage Against the Machines: How Subjects Learn to Play Against Computers

Duersch, Peter; Kolb, Albert; Oechssler, Joerg; … - EconWPA - 2005

play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …

Persistent link: https://www.econbiz.de/10005407609

An Evolutionary Analysis of Bagwell's Example

Oechssler, Jorg; Schlag, Karl - EconWPA - 1997

In a recent paper Bagwell (1995) pointed out that only the Cournot outcome, but not the Stackelberg outcome, can be supported by a pure Nash equilibrium when actions of the Stackelberg leader are observed with the slightest error. The Stackelberg outcome, however, remains close to the outcome of...

Persistent link: https://www.econbiz.de/10005550927

Economic Growth with Imperfect Protection of Intellectual Property Rights

Horii, Ryo; Iwaisako, Tatsuro - EconWPA - 2005

growth. Stronger IPR protection, which reduces the probability of imitation, raises the reward for innovation. However …

Persistent link: https://www.econbiz.de/10005555997

Learning in Cournot Oligopoly - An Experiment

Huck, Steffen; Normann, Hans-Theo; Oechssler, Joerg - EconWPA - 1997

This experiment was designed to test various learning theories in the context of a Cournot oligopoly. We derive theoretical predictions for the learning theories and test these predictions by varying the information given to subjects. The results show that some subjects imitate successful...

Persistent link: https://www.econbiz.de/10005118660

Governance, Reti d’Imprese e Distretti Industriali: Considerazioni Metodologiche

Schiavone, Francesco - EconWPA - 2004

scaturenti da variabili proprie della RBV. …

Persistent link: https://www.econbiz.de/10005556247

The value of Marx analysis

Schettino, Francesco - EconWPA - 2005

Questo articolo indaga sulla reale portata dell'analisi di Marx, basata in maniera fondamentale sulla propria teoria del valore e del plusvalore. L'idea innovativa dell'articolo consiste nel mostrare come sia possibile capire realmente l'analisi della teoria del valore di Marx, partendo da Marx...

Persistent link: https://www.econbiz.de/10005076659

THE PRINCIPIUM OF PRICE SYSTEM

Zhai, Xiaozhong - EconWPA - 2005

This book focuses on general theory of price. Price, wage, interest rate, GNP and exchange rate, five factors, are very important not only in economics and economical activity, but also in social and political life. Those five factors are concrete, but also abstract. They belong to different...

Persistent link: https://www.econbiz.de/10005126369

System of mathematical models of value (methodology, theory, agricultural applications)

Svetlov, Nikolai - EconWPA - 2002

The model of exchanges in a competitive economy is developed that is based on an economic agent model who maximises the levels of satisfying his demands. The existence of a weak tendency to formation of value is shown. The interrelation between value and (a) technologies, (b) shadow prices in...

Persistent link: https://www.econbiz.de/10005135066

A Dual Model of Cooperative Value

Feldman, Barry - EconWPA - 2002

An expanded model of value in cooperative games is presented in which value has either a linear or a proportional mode, and NTU value has either an input or an output basis. In TU games, the modes correspond to the Shapley (1953) and proportional (Feldman (1999) and Ortmann (2000)) values. In...

Persistent link: https://www.econbiz.de/10005407563