beaten by any other decision rule. We provide necessary and sufficient conditions for imitation to be unbeatable and show … effort coordination games, arms race, search, bargaining, etc., imitation cannot be beaten by much even by a very clever …

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 …

This article analyses the ability of the learning firms in a Cournot oligopoly to discover market solutions more …), and qualify the role of random experimenting, social learning (imitation), and (updated) memory in helping firms to … the results of the literature on evolutionary learning in oligopoly can analytically be characterized through the …

imitative behavior when agents have sufficiently long memories --- and the outcome is dramatically different. Imitation robustly …