Narrow search
Showing 1 - 10 of 626
Cover Image
Evolutionary stability in asymmetric oligopoly : a non-Walrasian result
Leininger, Wolfgang; Moghadam, Hamed M. - 2014
It is a very well-known result that in terms of evolutionary stability the long-run outcome of a Cournot oligopoly …. Contrary to Tanaka (1999) we show that the evolutionarily stable price in an asymmetric Cournot oligopoly needs not equal the … stochastically stable state of an evolutionary process of imitation with experimentation. …
Persistent link: https://www.econbiz.de/10010399434
Cover Image
A Note on Evolutionary Stability of Bertrand Equilibrium
Hehenkamp, Burkhard; Leininger, Wolfgang - 1999
the Cournot model) …
Persistent link: https://www.econbiz.de/10014184323
Cover Image
Pairwise imitation and evolution of the social contract
Campigotto, Nicola - In: Journal of evolutionary economics 31 (2021) 4, pp. 1333-1354
Persistent link: https://www.econbiz.de/10012663744
Cover Image
Evolutionary Competition between Boundedly Rational Behavioral Rules in Oligopoly Games
Baiardi, Lorenzo Cerboni; Lamantia, Fabio; Radi, Davide - 2015
In this paper, we propose an evolutionary model of oligopoly competition where agents can select between different behavioral rules to make decisions on productions. We formalize the model as a general class of evolutionary oligopoly games and then we consider an example with two specific rules,...
Persistent link: https://www.econbiz.de/10013021723
Cover Image
Evolutionary Stability in Asymmetric Oligopoly
Leininger, Wolfgang - 2015
It is a very well-known result that in terms of evolutionary stability the long-run outcome of a Cournot oligopoly …. Contrary to Tanaka (1999) we show that the evolutionarily stable price in an asymmetric Cournot oligopoly needs not equal the … stochastically stable state of an evolutionary process of imitation with experimentation …
Persistent link: https://www.econbiz.de/10013028699
Cover Image
The Evolutionary Stability of Optimism, Pessimism, and Complete Ignorance
Schipper, Burkhard - 2020
We seek an evolutionary explanation for why in some situations humans maintain either optimistic or pessimistic attitudes towards uncertainty and are ignorant to relevant aspects of their environment. Players in strategic games face Knightian uncertainty about opponents' actions and maximize...
Persistent link: https://www.econbiz.de/10014032634
Cover Image
Submodularity and the Evolution of Walrasian Behavior
Schipper, Burkhard - 2004
Vega-Redondo (1997) showed that imitation leads to the Walrasian outcome in Cournot Oligopoly. We generalize his result … to aggregative quasi-submodular games. Examples are the Cournot Oligopoly, Bertrand games with differentiated …
Persistent link: https://www.econbiz.de/10014070520
Cover Image
Submodularity and the Evolution of Walrasian Behavior
Schipper, Burkhard - 2004
Vega-Redondo (1997) showed that imitation leads to the Walrasian outcome in Cournot Oligopoly. We generalize his result … to aggregative quasi-submodular games. Examples are the Cournot Oligopoly, Bertrand games with differentiated …
Persistent link: https://www.econbiz.de/10014093731
Cover Image
Chapter 8. Social Norms
Burke, Mary A.; Young, H. Peyton - In: Handbook of social economics : volume 1, (pp. 311-338). 2011
Social norms are customary or ideal forms of behavior to which individuals in a group try to conform. From an analytical standpoint, the key feature of social norms is that they induce a positive feedback loop between individual and group behavior: the more widely that a norm is practiced by...
Persistent link: https://www.econbiz.de/10014025695
Cover Image
The evolution of social norms
Young, H. Peyton - 2014
Persistent link: https://www.econbiz.de/10010442507