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SEAL
1998
Springer

Using Genetic Algorithms to Simulate the Evolution of an Oligopoly Game

10 years 6 months ago
Using Genetic Algorithms to Simulate the Evolution of an Oligopoly Game
Abstract. This paper extends the N-person IPD game into a more interesting game in economics, namely, the oligopoly game. Due to its market share dynamics, the oligopoly game is more complicated and is in general not an exact N-person IPD game. Using genetic algroithms, we simulated the oligopoly games under various settings. It is found that, even in the case of a three-oligopolist (three-player) game, collusive pricing (cooperation) is not the dominating result.
Shu-Heng Chen, Chih-Chi Ni
Added 06 Aug 2010
Updated 06 Aug 2010
Type Conference
Year 1998
Where SEAL
Authors Shu-Heng Chen, Chih-Chi Ni
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