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Imitators and Optimizers in Cournot Oligopoly
Schipper, Burkhard C. - 2002
We present a formal model of symmetric n-firm Cournot oligopoly with a heterogeneous population of profit optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round a la Vega-Redondo (1997). Optimizers play myopic best response to the...
Persistent link: https://www.econbiz.de/10010276582
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Imitators and Optimizers in Cournot Oligopoly
Schipper, Burkhard - 2005
We analyze a symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round à la Vega-Redondo (1997). Optimizers play a myopic best response to the opponents' previous output....
Persistent link: https://www.econbiz.de/10010366551
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Imitators and Optimizers in Cournot oligopoly
Schipper, Burkhard C. - Economics Department, University of California-Davis - 2005
We analyze a symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round a la Vega-Redondo (1997). Optimizers play a myopic best response to the opponents' previous output....
Persistent link: https://www.econbiz.de/10008620404
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Imitators and Optimizers in Cournot Oligopoly
Schipper, Burkhard C. - Volkswirtschaftliche Fakultät, … - 2005
We analyze a symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round a l`a Vega-Redondo (1997). Optimizers play a myopic best response to the opponents’ previous...
Persistent link: https://www.econbiz.de/10005785827
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Imitators and Optimizers in Cournot Oligopoly
Schipper, Burkhard C. - 2005
We analyze a symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round a l`a Vega-Redondo (1997). Optimizers play a myopic best response to the opponents' previous output....
Persistent link: https://www.econbiz.de/10010333907
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Submodularity and the Evolution of Walrasian Behavior
2002
Vega-Redondo (1997) showed that imitation leads to the Walrasian outcome in Cournot Oligopoly. We generalize his result …
Persistent link: https://www.econbiz.de/10010263058
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Submodularity and the Evolution of Walrasian Behavior
Schipper, Burkhard - University of Bonn, Germany - 2002
Vega-Redondo (1997) showed that imitation leads to the Walrasian outcome in Cournot Oligopoly. We generalize his result …
Persistent link: https://www.econbiz.de/10004968379
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Imitators and Optimizers in Cournot Oligopoly
Schipper, Burkhard C. - 2010
We present a formal model of symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round a la Vega-Redondo (1997). Optimizers play a myopic best response to the opponents'...
Persistent link: https://www.econbiz.de/10014104403
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Imitation by price and quantity setting firms in a differentiated market
Khan, Abhimanyu; Peeters, Ronald - In: Journal of Economic Dynamics and Control 53 (2015) C, pp. 28-36
We study the evolution of imitation behaviour in a differentiated market where firms are located equidistantly on a …
Persistent link: https://www.econbiz.de/10011209198
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Imitation : theory and experimental evidence
Apestgeguia, Jose; Huck, Steffen; Oechssler, Joerg - 2005
We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In … our theoretical analysis we find that the different predictions of previous imitation models are due to different … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …
Persistent link: https://www.econbiz.de/10010366552