Evolutionary game dynamics and the analysis of agent-based imitation models: The long run, the medium run and the importance of global analysis
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Levine, David K. & Pesendorfer, Wolfgang, 2007.
"The evolution of cooperation through imitation,"
Games and Economic Behavior, Elsevier, vol. 58(2), pages 293-315, February.
- David K Levine & Wolfgang Pesendorfer, 2005. "Evolution of Cooperation Through Imitation," Levine's Working Paper Archive 7630, David K. Levine.
- Glenn Ellison, 2000. "Basins of Attraction, Long-Run Stochastic Stability, and the Speed of Step-by-Step Evolution," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 67(1), pages 17-45.
- Schlag, Karl H., 1998. "Why Imitate, and If So, How?, : A Boundedly Rational Approach to Multi-armed Bandits," Journal of Economic Theory, Elsevier, vol. 78(1), pages 130-156, January.
- Glenn Ellison & Drew Fudenberg, 1995.
"Word-of-Mouth Communication and Social Learning,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(1), pages 93-125.
- Fudenberg, Drew & Ellison, Glenn, 1995. "Word-of-Mouth Communication and Social Learning," Scholarly Articles 3196300, Harvard University Department of Economics.
- A. Banerjee & Drew Fudenberg, 2010. "Word-of-Mouth Communication and Social Learning," Levine's Working Paper Archive 425, David K. Levine.
- Valentina Corradi & Rajiv Sarin, "undated". "Continuous Approximations of Stochastic Evolutionary Game Dynamics," ELSE working papers 002, ESRC Centre on Economics Learning and Social Evolution.
- Bischi, G. -I. & Dawid, H. & Kopel, M., 2003. "Spillover effects and the evolution of firm clusters," Journal of Economic Behavior & Organization, Elsevier, vol. 50(1), pages 47-75, January.
- Carpenter, Jeffrey P, 2002. "Evolutionary Models of Bargaining: Comparing Agent-Based Computational and Analytical Approaches to Understanding Convention Evolution," Computational Economics, Springer;Society for Computational Economics, vol. 19(1), pages 25-49, February.
- Carlos Alós-Ferrer & Ana Ania, 2005. "The evolutionary stability of perfectly competitive behavior," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(3), pages 497-516, October.
- Kandori, Michihiro & Mailath, George J & Rob, Rafael, 1993.
"Learning, Mutation, and Long Run Equilibria in Games,"
Econometrica, Econometric Society, vol. 61(1), pages 29-56, January.
- Kandori, M. & Mailath, G.J., 1991. "Learning, Mutation, And Long Run Equilibria In Games," Papers 71, Princeton, Woodrow Wilson School - John M. Olin Program.
- M. Kandori & G. Mailath & R. Rob, 1999. "Learning, Mutation and Long Run Equilibria in Games," Levine's Working Paper Archive 500, David K. Levine.
- Herbert Dawid & Joern Dermietzel, 2006. "How Robust is the Equal Split Norm? Responsive Strategies, Selection Mechanisms and the Need for Economic Interpretation of Simulation Parameters," Computational Economics, Springer;Society for Computational Economics, vol. 28(4), pages 371-397, November.
- Leigh Tesfatsion & Kenneth L. Judd (ed.), 2006. "Handbook of Computational Economics," Handbook of Computational Economics, Elsevier, edition 1, volume 2, number 2.
- Offerman, Theo & Sonnemans, Joep, 1998. "Learning by experience and learning by imitating successful others," Journal of Economic Behavior & Organization, Elsevier, vol. 34(4), pages 559-575, March.
- Pingle, Mark & Day, Richard H., 1996. "Modes of economizing behavior: Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 29(2), pages 191-209, March.
- Vriend, Nicolaas J., 2000.
"An illustration of the essential difference between individual and social learning, and its consequences for computational analyses,"
Journal of Economic Dynamics and Control, Elsevier, vol. 24(1), pages 1-19, January.
- Nicolaas J. Vriend, 1998. "An Illustration of the Essential Difference between Individual and Social Learning, and its Consequences for Computational Analyses," Working Papers 387, Queen Mary University of London, School of Economics and Finance.
- Dawid, Herbert, 2006. "Agent-based Models of Innovation and Technological Change," Handbook of Computational Economics, in: Leigh Tesfatsion & Kenneth L. Judd (ed.), Handbook of Computational Economics, edition 1, volume 2, chapter 25, pages 1235-1272, Elsevier.
- Michel BenaÔm & J–rgen W. Weibull, 2003.
"Deterministic Approximation of Stochastic Evolution in Games,"
Econometrica, Econometric Society, vol. 71(3), pages 873-903, May.
- Benaim, Michel & Weibull, Jörgen W., 2000. "Deterministic Approximation of Stochastic Evolution in Games," Working Paper Series 534, Research Institute of Industrial Economics, revised 30 Oct 2001.
- Boylan Richard T., 1995. "Continuous Approximation of Dynamical Systems with Randomly Matched Individuals," Journal of Economic Theory, Elsevier, vol. 66(2), pages 615-625, August.
- Bischi, Gian Italo & Gardini, Laura & Kopel, Michael, 2000. "Analysis of global bifurcations in a market share attraction model," Journal of Economic Dynamics and Control, Elsevier, vol. 24(5-7), pages 855-879, June.
- Corradi, Valentina & Sarin, Rajiv, 2000. "Continuous Approximations of Stochastic Evolutionary Game Dynamics," Journal of Economic Theory, Elsevier, vol. 94(2), pages 163-191, October.
- Bischi, G.-I. & Dawid, H. & Kopel, M., 2003.
"Gaining the competitive edge using internal and external spillovers: a dynamic analysis,"
Journal of Economic Dynamics and Control, Elsevier, vol. 27(11), pages 2171-2193.
- Bischi, G. -I. & Dawid, H. & Kopel, M., 2003. "Gaining the competitive edge using internal and external spillovers: a dynamic analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 27(11-12), pages 2171-2193, September.
- Tesfatsion, Leigh & Judd, Kenneth L., 2006. "Handbook of Computational Economics, Vol. 2: Agent-Based Computational Economics," Staff General Research Papers Archive 10368, Iowa State University, Department of Economics.
- Crawford, Vincent P., 1991. "An "evolutionary" interpretation of Van Huyck, Battalio, and Beil's experimental results on coordination," Games and Economic Behavior, Elsevier, vol. 3(1), pages 25-59, February.
- Fernando Vega-Redondo, 1997.
"The Evolution of Walrasian Behavior,"
Econometrica, Econometric Society, vol. 65(2), pages 375-384, March.
- Fernando Vega Redondo, 1996. "The evolution of walrasian behavior," Working Papers. Serie AD 1996-05, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Dawid, Herbert, 1999. "On the stability of monotone discrete selection dynamics with inertia," Mathematical Social Sciences, Elsevier, vol. 37(3), pages 265-280, May.
- Ilan Eshel & Larry Samuelson & Avner Shaked, "undated". "Altruists Egoists and Hooligans in a Local Interaction Model," ELSE working papers 005, ESRC Centre on Economics Learning and Social Evolution.
- Boylan, Richard T., 1992. "Laws of large numbers for dynamical systems with randomly matched individuals," Journal of Economic Theory, Elsevier, vol. 57(2), pages 473-504, August.
- Eshel, Ilan & Samuelson, Larry & Shaked, Avner, 1998. "Altruists, Egoists, and Hooligans in a Local Interaction Model," American Economic Review, American Economic Association, vol. 88(1), pages 157-179, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Gerard Ballot & Antoine Mandel & Annick Vignes, 2015.
"Agent-based modeling and economic theory: where do we stand?,"
Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 10(2), pages 199-220, October.
- Gérard Ballot & Antoine Mandel & Annick Vignes, 2015. "Agent-based modeling and economic theory: where do we stand?," Post-Print halshs-01296643, HAL.
- Gérard Ballot & Antoine Mandel & Annick Vignes, 2015. "Agent-based modeling and economic theory: where do we stand?," PSE-Ecole d'économie de Paris (Postprint) halshs-01296643, HAL.
- Gérard Ballot & Antoine Mandel & Annick Vignes, 2015. "Agent-based modeling and economic theory: where do we stand?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01296643, HAL.
- Tongkui, Yu & Shu-Heng, Chen & Honggang, Li, 2011.
"Social Norm, Costly Punishment and the Evolution to Cooperation,"
MPRA Paper
28741, University Library of Munich, Germany.
- Yu, Tongkui & Chen, Shu-Heng & Li, Honggang, 2011. "Social Norm, Costly Punishment and the Evolution to Cooperation," MPRA Paper 28814, University Library of Munich, Germany.
- Brianzoni, Serena & Coppier, Raffaella & Michetti, Elisabetta, 2019. "Evolutionary effects of non-compliant behavior in public procurement," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 106-118.
- Troy Tassier, 2013. "Handbook of Research on Complexity, by J. Barkley Rosser, Jr. and Edward Elgar," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 39(1), pages 132-133.
- Josephson, Jens, 2009.
"Stochastic adaptation in finite games played by heterogeneous populations,"
Journal of Economic Dynamics and Control, Elsevier, vol. 33(8), pages 1543-1554, August.
- Josephson, Jens, 2001. "Stochastic Adaptation in Finite Games Played by Heterogeneous Populations," SSE/EFI Working Paper Series in Economics and Finance 475, Stockholm School of Economics.
- Antoine Mandel & Nicola Botta, 2009.
"A note on the stochastic stability of equilibrium in some exchange economies,"
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers)
halshs-00442864, HAL.
- Antoine Mandel & Nicola Botta, 2009. "A note on the stochastic stability of equilibrium in some exchange economies," Documents de travail du Centre d'Economie de la Sorbonne 09084, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Antoine Mandel & Nicola Botta, 2009. "A note on the stochastic stability of equilibrium in some exchange economies," Post-Print halshs-00442864, HAL.
- Harting, Philipp & Radi, Davide, 2020. "Residential segregation: The role of inequality and housing subsidies," Journal of Economic Behavior & Organization, Elsevier, vol. 178(C), pages 801-819.
- Salle, Isabelle & Yildizoglu, Murat & Zumpe, Martin & Sénégas, Marc-Alexandre, 2017.
"Coordination through social learning in a general equilibrium model,"
Journal of Economic Behavior & Organization, Elsevier, vol. 141(C), pages 64-82.
- Isabelle Salle & Murat Yildizoglu & Martin Zumpe & Marc-Alexandre Sénégas, 2017. "Coordination through social learning in a general equilibrium model," Post-Print hal-01848386, HAL.
- Mandel Antoine & Botta Nicola, 2009.
"A Note on Herbert Gintis' "Emergence of a Price System from Decentralized Bilateral Exchange","
The B.E. Journal of Theoretical Economics, De Gruyter, vol. 9(1), pages 1-18, December.
- Antoine Mandel & Nicola Botta, 2009. "A note on Herbert Gintis' "Emergence of a Price System from Decentralized Bilateral Exchange"," Post-Print halshs-00634656, HAL.
- Antoine Mandel & Nicola Botta, 2009. "A note on Herbert Gintis' "Emergence of a Price System from Decentralized Bilateral Exchange"," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00634656, HAL.
- Antonio Doria, Francisco, 2011. "J.B. Rosser Jr. , Handbook of Research on Complexity, Edward Elgar, Cheltenham, UK--Northampton, MA, USA (2009) 436 + viii pp., index, ISBN 978 1 84542 089 5 (cased)," Journal of Economic Behavior & Organization, Elsevier, vol. 78(1-2), pages 196-204, April.
- Domenico De Giovanni & Fabio Lamantia, 2016. "Control delegation, information and beliefs in evolutionary oligopolies," Journal of Evolutionary Economics, Springer, vol. 26(5), pages 1089-1116, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jonas Hedlund, 2015. "Imitation in Cournot oligopolies with multiple markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 60(3), pages 567-587, November.
- Alós-Ferrer, Carlos & Weidenholzer, Simon, 2014.
"Imitation and the role of information in overcoming coordination failures,"
Games and Economic Behavior, Elsevier, vol. 87(C), pages 397-411.
- Carlos Alós-Ferrer & Simon Weidenholzer, 2010. "Imitation and the Role of Information in Overcoming Coordination Failures," Vienna Economics Papers vie1008, University of Vienna, Department of Economics.
- Schipper, Burkhard C., 2009.
"Imitators and optimizers in Cournot oligopoly,"
Journal of Economic Dynamics and Control, Elsevier, vol. 33(12), pages 1981-1990, December.
- Schipper, Burkhard C., 2002. "Imitators and Optimizers in Cournot Oligopoly," Bonn Econ Discussion Papers 29/2002, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Burkhard C. Schipper, 2005. "Imitators and Optimizers in Cournot oligopoly," Working Papers 67, University of California, Davis, Department of Economics.
- Schipper, Burkhard C., 2005. "Imitators and Optimizers in Cournot Oligopoly," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 53, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Russell Golman, 2011. "Why learning doesn’t add up: equilibrium selection with a composition of learning rules," International Journal of Game Theory, Springer;Game Theory Society, vol. 40(4), pages 719-733, November.
- Jonathan Newton, 2018. "Evolutionary Game Theory: A Renaissance," Games, MDPI, vol. 9(2), pages 1-67, May.
- Carlos Alós-Ferrer & Fei Shi, 2012. "Imitation with asymmetric memory," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 49(1), pages 193-215, January.
- Troy Tassier, 2013. "Handbook of Research on Complexity, by J. Barkley Rosser, Jr. and Edward Elgar," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 39(1), pages 132-133.
- Wilhite, Allen, 2014. "Network structure, games, and agent dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 47(C), pages 225-238.
- Sandholm,W.H., 1999. "Markov evolution with inexact information," Working papers 15, Wisconsin Madison - Social Systems.
- Sandholm, William H., 2003. "Evolution and equilibrium under inexact information," Games and Economic Behavior, Elsevier, vol. 44(2), pages 343-378, August.
- Fosco, Constanza & Mengel, Friederike, 2011.
"Cooperation through imitation and exclusion in networks,"
Journal of Economic Dynamics and Control, Elsevier, vol. 35(5), pages 641-658, May.
- Mengel, Friederike & Fosco, Constanza, 2007. "Cooperation through Imitation and Exclusion in Networks," MPRA Paper 5258, University Library of Munich, Germany.
- Constanza Fosco & Friederike Mengel, 2009. "Cooperation through Imitation and Exclusion in Networks," Working Papers 2009.37, Fondazione Eni Enrico Mattei.
- Fosco, Constanza & Mengel, Friederike, 2009. "Cooperation through Imitation and Exclusion in Networks," Sustainable Development Papers 50723, Fondazione Eni Enrico Mattei (FEEM).
- Alós-Ferrer, Carlos & Weidenholzer, Simon, 2014.
"Imitation and the role of information in overcoming coordination failures,"
Games and Economic Behavior, Elsevier, vol. 87(C), pages 397-411.
- Carlos Alós-Ferrer & Simon Weidenholzer, 2010. "Imitation and the Role of Information in Overcoming Coordination Failures," Vienna Economics Papers 1008, University of Vienna, Department of Economics.
- Alós-Ferrer, Carlos & Weidenholzer, Simon, 2008. "Contagion and efficiency," Journal of Economic Theory, Elsevier, vol. 143(1), pages 251-274, November.
- Hsiao-Chi Chen & Yunshyong Chow & Li-Chau Wu, 2013. "Imitation, local interaction, and coordination," International Journal of Game Theory, Springer;Game Theory Society, vol. 42(4), pages 1041-1057, November.
- Ge Jiang & Simon Weidenholzer, 2017. "Local interactions under switching costs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 64(3), pages 571-588, October.
- Jackson, Matthew O. & Zenou, Yves, 2015.
"Games on Networks,"
Handbook of Game Theory with Economic Applications,,
Elsevier.
- Zenou, Yves & Jackson, Matthew O., 2012. "Games on Networks," CEPR Discussion Papers 9127, C.E.P.R. Discussion Papers.
- Horst, Ulrich, 2010.
"Dynamic systems of social interactions,"
Journal of Economic Behavior & Organization, Elsevier, vol. 73(2), pages 158-170, February.
- Horst, Ulrich, 2010. "Dynamic systems of social interactions," SFB 649 Discussion Papers 2010-012, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
- Ulrich Horst, 2010. "Dynamic Systems of Social Interactions," Post-Print hal-00781340, HAL.
- Ulrich Horst, 2010. "Dynamic Systems of Social Interactions," SFB 649 Discussion Papers SFB649DP2010-012, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
- Aleksander Berentsen & Esther Bruegger & Simon Loertscher, "undated". "Heterogeneity, Local Information, and Global Interaction," IEW - Working Papers 182, Institute for Empirical Research in Economics - University of Zurich.
- Kirchkamp, Oliver & Nagel, Rosemarie, 2007. "Naive learning and cooperation in network experiments," Games and Economic Behavior, Elsevier, vol. 58(2), pages 269-292, February.
- Carlos Alós-Ferrer & Nick Netzer, 2015.
"Robust stochastic stability,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 58(1), pages 31-57, January.
- Carlos Alós–Ferrer & Nick Netzer, 2012. "Robust stochastic stability," ECON - Working Papers 063, Department of Economics - University of Zurich, revised Jan 2014.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:dyncon:v:31:y:2007:i:6:p:2108-2133. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jedc .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.