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Value of digital information networks: a holonic framework
Madureira, António; Baken, Nico; Bouwman, Harry - In: Netnomics 12 (2011) 1, pp. 1-30
Persistent link: https://www.econbiz.de/10009327801
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Can They Beat the Cournot Equilibrium? Learning with Memory and Convergence to Equilibria in a Cournot Oligopoly
Vallée, Thomas; Yıldızoğlu, Murat - In: Computational Economics 41 (2013) 4, pp. 493-516
This article analyses the ability of the learning firms in a Cournot oligopoly to discover market solutions more …">2004</CitationRef>), and qualify the role of random experimenting, social learning (imitation), and (updated) memory in helping firms to … with higher profits. We show that the results of the literature on evolutionary learning in oligopoly can analytically be …
Persistent link: https://www.econbiz.de/10010989301
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Heterogeneous Agents and Long Horizon Features of Asset Prices
LeBaron, Blake - Department of Economics, International Business School, … - 2013
Heterogeneous agent models for financial markets have provided explanations for many empirical regularities of relatively high frequency (hourly/daily) financial time series. They have been much quieter when it comes to longer range features. This paper examines a simplified computational...
Persistent link: https://www.econbiz.de/10010849934
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The Stability of Price Dispersion under Seller and Consumer Learning (first version)
Hopkins, Ed; Seymour, Robert M - School of Economics, University of Edinburgh - 2004
possible in some cases. However, once consumer learning is introduced, the monopoly outcome first found by Diamond (1971) is …
Persistent link: https://www.econbiz.de/10005369072
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Best response dynamics for role games
Berger, Ulrich - In: International Journal of Game Theory 30 (2002) 4, pp. 527-538
In a role game, players can condition their strategies on their player position in the base game. If the base game is strategically equivalent to a zero-sum game, the set of Nash equilibria of the role game is globally asymptotically stable under the best response dynamics. If the base game is 2...
Persistent link: https://www.econbiz.de/10005375566
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Agent-Based Computational Economics
Tesfatsion, Leigh - EconWPA - 2002
Agent-based computational economics (ACE) is the computational study of economies modeled as evolving systems of autonomous interacting agents. Starting from initial conditions, specified by the modeler, the computational economy evolves over time as its constituent agents repeatedly interact...
Persistent link: https://www.econbiz.de/10005076916
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THE ROLE OF LEARNING ORGANIZATIONS IN THE GROWING DISCUSSION ON SOCIAL RESPONSIBILITY
Esposito, Mark - HAL - 2010
What is the debate on Learning Organizations all about? In this paper we propose to demonstrate that the necessity to … years, makes of learning a condition of survival for any organization, whether individual, company, school or nation. More …-time Learning Organization? How can people forget their stifling Industrial-Era education and recover their natural strive to reach …
Persistent link: https://www.econbiz.de/10010549161
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Learning and evolution of altruistic preferences in the Centipede Game
Gamba, Astrid - In: Journal of Economic Behavior & Organization 85 (2013) C, pp. 112-117
Several studies show that evolution favors non-selfish preferences only if preference types are observable. We present …
Persistent link: https://www.econbiz.de/10010608200
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Social Reciprocity
Carpenter, Jeffrey; Matthews, Peter - 2002
We conduct a survey and find that 47% of respondents state they would sanction free riders in a team production scenario even though the respondent was not personally affected and no direct benefits could be expected to follow an intervention. To understand this phenomenon, we define social...
Persistent link: https://www.econbiz.de/10005196526
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Modeling Industrial Dynamics with Innovative Entrants
Winter, Sydney; Kaniovski, Yuri; Dosi, Giovanni - Laboratory of Economics and Management (LEM), Scuola … - 1999
The paper analyzes some generic features of industrial dynamics whereby innovative change is carried, stochastically, by new entrants. Relying on the formal representation suggested in Winter et al. (1997), it studies both the asymptotic properties of such processes and their appropriability to...
Persistent link: https://www.econbiz.de/10005481688