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Schelling's Spatial Proximity Model of Segregation Revisited
Pancs, Romans; Vriend, Nicolaas J. - Society for Computational Economics - SCE
Schelling [1969, 1971a, 1971b, 1978] presented a microeconomic model showing how an integrated city could unravel to a rather segregated city, notwithstanding relatively mild assumptions concerning the individual agents' preferences, i.e., no agent preferring the resulting segregation. We...
Persistent link: https://www.econbiz.de/10005345745
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Fast Convergence in Evolutionary Equilibrium Selection
Young, H Peyton; Kreindler, Gabriel E. - Department of Economics, Oxford University - 2011
Stochastic learning models provide sharp predictions about equilibrium selection when the noise level of the learning process is taken to zero.  The difficulty is that, when the noise is extremely small, it can take an extremely long time for a large population to reach the stochastically...
Persistent link: https://www.econbiz.de/10009320946
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Schelling's Spatial Proximity Model of Segregation Revisited
Pancs, Romans; Vriend, Nicolaas J. - Society for Computational Economics - SCE - 2003
Persistent link: https://www.econbiz.de/10005706828
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Schelling's Spatial Proximity Model of Segregation Revisited
Pancs, Romans; Vriend, Nicolaas J. - School of Economics and Finance, Queen Mary - 2003
Schelling [1969, 1971a, 1971b, 1978] presented a microeconomic model showing how an integrated city could unravel to a rather segregated city, notwithstanding relatively mild assumptions concerning the individual agents' preferences, i.e., no agent preferring the resulting segregation. We...
Persistent link: https://www.econbiz.de/10005106362
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Stochastic Adaptation in Finite Games Played by Heterogeneous Populations
Josephson, Jens - Economics Institute for Research (SIR), … - 2001
In this paper, I analyze stochastic adaptation in finite n-player games played by heterogeneous populations of myopic best repliers, better repliers and imitators. In each period, one individual from each of n populations, one for each player role, is drawn to play and chooses a pure strategy...
Persistent link: https://www.econbiz.de/10005190858
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Stochastic Imitation in Finite Games
Josephson, Jens; Matros, Alexander - Economics Institute for Research (SIR), … - 2000
In this paper we model an evolutionary process with perpetual random shocks where individual behavior is determined by imitation. Every period an agent is randomly chosen from each of n finite populations to play a game. Each agent observes a sample of population-specific past strategy and...
Persistent link: https://www.econbiz.de/10005649201
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Stochastic Better-Reply Dynamics in Games
Josephson, Jens - Economics Institute for Research (SIR), … - 2000
In Young (1993, 1998) agents are recurrently matched to play a finite game and almost always play a myopic best reply to a frequency distribution based on a sample from the recent history of play. He proves that in a generic class of finite n-player games, as the mutation rate tends to zero,...
Persistent link: https://www.econbiz.de/10005649353
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Clever agents in adaptive learning
Matros, Alexander - Economics Institute for Research (SIR), … - 2000
Saez-Marti and Weibull [4] investigate the consequences of letting some agents play a myopic best reply to the myopic best reply in Young's [8] bargaining model. This is how they introduce ''cleverness'' of players. We analyze such clever agents in general finite two-player games. We show that...
Persistent link: https://www.econbiz.de/10005649382
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A Dynamic Oligopoly Game of the US Airline Industry: Estimation and Policy Experiments
Aguirregabiria, Victor; Ho, Chun-Yu - University of Toronto, Department of Economics - 2008
in the US airline industry. Our results are based on the estimation of a dynamic oligopoly game of network competition … services associated with the scale of operation of an airline in the hub airport (e.g., more convenient check-in and landing … facilities); (2) operating costs and entry costs in a route may decline with an airline's scale operation in origin and …
Persistent link: https://www.econbiz.de/10005704829
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A Dynamic Oligopoly Game of the US Airline Industry: Estimation and Policy Experiments
Aguirregabiria, Victor; Ho, Chun-Yu - Volkswirtschaftliche Fakultät, … - 2009
in the US airline industry. Our results are based on the estimation of a dynamic oligopoly game of network competition … associated with the scale of operation of an airline in the hub airport; (2) operating costs and entry costs in a route may … decline with the airline's scale of operation in the origin and destination airports (e.g., economies of scale and scope); and …
Persistent link: https://www.econbiz.de/10005037744