The Korean real estate market is currently slowing down due to the global economic crisis, which resulted from subprime mortgage crisis in the United States. In response, the Korean government has adopted various policies in an attempt to deregulate real estate speculation. For example, the Loan...

The Korean real estate market is currently slowing down due to the global economic crisis, which resulted from subprime mortgage crisis in the United States. In response, the Korean government has adopted various policies in an attempt to deregulate real estate speculation. For example, the Loan...

The present paper investigates the functioning of an Emission Trading System (ETS) and its impact on the diffusion of environmental-friendly technological innovation in the presence of firms’ strategic behaviours and sanctions to non-compliant firms. For this purpose, we study an evolutionary...

Recent research has identified the heterogeneity as crucial for the evolution of cooperation in spatial population. However, the influence of heterogeneous noise is still lacking. Inspired by this interesting question, in this work, we try to incorporate heterogeneous noise into the evaluation...

Remanufacturing is an effective means to realize energy saving and emission reduction. This paper develops an evolutionary game model with a two-echelon closed-loop supply chain to study evolutionary stable strategies (ESS) of manufacturers and retailers. Through analyzing evolutionary path of...

It is known (see, e.g., Weibull in Evolutionary Game Theory, MIT Press, <CitationRef CitationID="CR7">1995</CitationRef>) that an evolutionarily stable strategy is not necessarily robust against multiple mutations. Precise definition and analysis of “evolutionarily stable strategy against multiple mutations” are not available in the...</citationref>

The periodical fluctuation phenomenon appears in coal mine and other fields of government safety supervision. The paper provides a theoretical explanation by building an evolutionary game model between coal mine industry and governmental supervision institutions. Moreover, the paper provides a...

In an ultimatum game where competitive pressures and alternating roles exist, we suppose that players make their decisions based on the net profit of their own. Here we conduct a behavioral experiment in a selection examination, and then we establish a model and study the evolution of strategies...

Agent-based computational economics (ACE) is the computational study of economies modelled as evolving decentralized systems of autonomous interacting agents. A key focus of ACE research is understanding how global regularities arise from the bottom up, through the repeated local interactions of...

This paper presents a general C++ platform for the implementation of a trade network game (TNG) that combines evolutionary game play with preferential partner selection. In the TNG, successive generations of resource constrained traders choose and refuse trade partners on the basis of...