This article analyses the ability of the learning firms in a Cournot oligopoly to discover market solutions more …">2004</CitationRef>), and qualify the role of random experimenting, social learning (imitation), and (updated) memory in helping firms to … with higher profits. We show that the results of the literature on evolutionary learning in oligopoly can analytically be …

) proposes to use genetic algorithm for studying learning dynamics in this game and obtains convergence to Cournot equilibrium … with individual learning. We show in this article how social learning gives rise to Walras equilibrium and why, in a … general setup, individual learning can effectively yield convergence to Cournot instead of Walras equilibrium. We illustrate …

selection dynamics to analyze this case. Vriend (2000) proposes using a genetic algorithm for studying learning dynamics in this … game and obtains convergence to Cournot equilibrium with individual learning. The resulting convergence has been questioned … are behind these contradictory results and underlines the specific role of the spite effect. We show why social learning …

In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any …

premises of this research and review and integrate much of what has been learned on the processes of technological evolution …, their main features and their effects on the evolution of industries. First, we map and integrate the various pieces of …

This chapter reviews and integrates much of what has been learned on the processes of technological evolution, their … main features, and their effects on the evolution of industries. First, we map and integrate the various pieces of evidence …

and Europe, evolutionary economics explains the role that diversity, selection andlearning plays in economic development …