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This paper examines the evolution of a skew distribution of firm sizes from the viewpoit of the "Bounds" approach to market structure. It confines attention to the role played by non-strategic factors (statistical independence, and cost side eddects). A model is proposed, which leads toa...
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Abstract Currently Unavailable.
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We study a population of agents , each of whome can be an Altruist or an Egoist. Altruism is a strictly dominated strategy. Agent choose their actions by imitating others who earn high payoffs. Interactions between agents are local, so that each agent affects (and is affected by) only his neighbors.
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This paper studies a population of agents, each of whom can be either an Altruist or an Egoist. Altruists confer benefits on others at a cost to themselves. Altruism is thus a strictly dominated strategy and cannot survive if agents are rational best-responders. We assume that agents choose...
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