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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 … order to transform the game with asymmetric firms into a symmetric oligopoly game and then extend Schaffer’s definition …
Persistent link: https://www.econbiz.de/10010399434
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Evolutionary competition between adjustment processes in cournot oligopoly : instability and complex dynamics
Hommes, Cars H.; Ochea, Marius I.; Tuinstra, Jan - In: Dynamic games and applications : DGA 8 (2018) 4, pp. 822-843
Persistent link: https://www.econbiz.de/10012101146
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An evolutionary Cournot model with limited market knowledge
Bischi, Gian Italo; Lamantia, Fabio; Radi, Davide - In: Journal of economic behavior & organization : JEBO 116 (2015), pp. 219-238
Persistent link: https://www.econbiz.de/10011567873
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Pairwise comparison dynamics and evolutionary foundations for Nash equilibrium
Sandholm, William H. - In: Games 1 (2010) 1, pp. 3-17
We introduce a class of evolutionary game dynamics - pairwise comparison dynamics - under which revising agents choose a candidate strategy at random, switching to it with positive probability if and only if its payoff is higher than the agent’s current strategy. We prove that all such...
Persistent link: https://www.econbiz.de/10009751390
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Learning to coordinate : co-evolution and correlated equilibrium
Lee-Penagos, Alejandro - 2016
In a coordination game such as the Battle of the Sexes, agents can condition their plays on external signals that can, in theory, lead to a Correlated Equilibrium that can improve the overall payoffs of the agents. Here we explore whether boundedly rational, adaptive agents can learn to...
Persistent link: https://www.econbiz.de/10011515836
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Evolutionary equilibria in capital tax competition with imitative learning
Sano, Hiroyuki - In: Evolutionary and institutional economics review 9 (2012), pp. 1-23
Persistent link: https://www.econbiz.de/10009697855
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Mutation rates and equilibrium selection under stochastic evolutionary dynamics
Sawa, Ryoji - In: International journal of game theory : official journal … 41 (2012) 3, pp. 489-496
Persistent link: https://www.econbiz.de/10009623460
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Consensus towards partially cooperative strategies in self-regulated evolutionary games on networks
Madeo, Dario; Mocenni, Chiara - In: Games 12 (2021) 3, pp. 1-16
Cooperation is widely recognized to be fundamental for the well-balanced development of human societies. Several different approaches have been proposed to explain the emergence of cooperation in populations of individuals playing the Prisoner’s Dilemma game, characterized by two concurrent...
Persistent link: https://www.econbiz.de/10012607383
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Evolutionary stability in finite stopping games under a fast best-reply dynamics
Xu, Zibo - 2013
Persistent link: https://www.econbiz.de/10009779288
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A case of evolutionarily stable attainable equilibrium in the laboratory
Kuzmics, Christoph; Rodenburger, Daniel - In: Economic theory : official journal of the Society for … 70 (2020) 3, pp. 685-721
Persistent link: https://www.econbiz.de/10012373226