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In this paper we build a spatial, aspiration-based model of learning in the context of Cournot oligopoly from which we want to explore the conditions that lead to the emergence of cooperation among firms. We consider an economy consisting of many identical duopolies; each duopoly is placed on a...
Persistent link: https://www.econbiz.de/10005623607
The paper discusses the role of self-organizing phenomena like emergence of infrastructure and self-organizing criticality in a spatial economy. Some theoretical models are discussed and reviewed. Computer models in the form of simple cellular automata, similar to the game "Life" and Schelling's...
Persistent link: https://www.econbiz.de/10005623608
This paper investigates the properties of a local economy in which personal connections are important in finding jobs. The complementarities in the model generate an interesting nonlinear relationship between the distribution of human capital in the economy, the characteristics of the social...
Persistent link: https://www.econbiz.de/10005623609
In Part I we provide a heuristic discussion of the motivation for the investigation of games of status. Here we confine our remarks to several alternative formulations of games of status and to exploring the relationship between these games and the class of simple games, in part using the...
Persistent link: https://www.econbiz.de/10005623610
The random graph of Erdos and Renyi is one of the oldest and best studied models of a network, and possesses the considerable advantage of being exactly solvable for many of its average properties. However, as a model of real-world networks such as the Internet, social networks or biological...
Persistent link: https://www.econbiz.de/10005623611
We are interested in the strategic implications of asymmetric competition. Previous work (Carpenter, Cooper, Hanssens and Midgley [CCHM] 1988) has estimated the Nash-equilibrium prices and advertising expenditures for asymmetric market-share models in the extreme cases of no competitive reaction...
Persistent link: https://www.econbiz.de/10005623612
Experimentally it has been found that any two people in the world, chosen at random, are connected to one another by a short chain of intermediate acquaintances, of typical lenth about six. This phenomenon, colloquially referred to as the "six degrees of separation", has been the subject of a...
Persistent link: https://www.econbiz.de/10005623613
During the development of a multicellular organism for a zygote, a large number of epigenetic interactions take place on every level of suborganismal organization. This raises the possibility that the system of epigenetic interactions may compensate or ÒbufferÓ some of the changes that occur...
Persistent link: https://www.econbiz.de/10005623614