selection dynamics to analyze this case. Vriend (2000) proposes using a genetic algorithm for studying learning dynamics in this … game and obtains convergence to Cournot equilibrium with individual learning. The resulting convergence has been questioned … are behind these contradictory results and underlines the specific role of the spite effect. We show why social learning …

This article analyses the possibility of firms learning collusive solutions in a Cournot quantity game. Starting from … learning (imitation), and (updated) memory in helping firms to discover more collusive market configurations than those of the …