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Are profit-maximisers the best survivors? : A Darwinian model of economic natural selection
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Cited by:
- Satoh, Atsuhiro & Tanaka, Yasuhito, 2015. "Relative profit maximization and the choice of strategic variables in duopoly," MPRA Paper 63000, University Library of Munich, Germany.
- Hehenkamp, Burkhard & Possajennikov, Alex & Guse, Tobias, 2010.
"On the equivalence of Nash and evolutionary equilibrium in finite populations,"
Journal of Economic Behavior & Organization, Elsevier, vol. 73(2), pages 254-258, February.
- Tobias Guse & Burkhard Hehenkamp & Alex Possajennikov, 2008. "On the Equivalence of Nash and Evolutionary Equilibrium in Finite Populations," Discussion Papers 2008-06, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Burkhard Hehenkamp & Alex Possajennikov & Tobias Guse, 2009. "On the Equivalence of Nash and Evolutionary Equilibrium in Finite Populations," Post-Print hal-00727591, HAL.
- 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.
- Gregory G. Brunk, 2002. "Why Do Societies Collapse?," Journal of Theoretical Politics, , vol. 14(2), pages 195-230, April.
- Carlos Alós Ferrer & Ana B. Ania, 2002. "The Evolutionary Logic of Feeling Small," Vienna Economics Papers 0216, University of Vienna, Department of Economics.
- Emanuela Sciubba, 2006.
"The evolution of portfolio rules and the capital asset pricing model,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(1), pages 123-150, September.
- Sciubba, E., 1999. "The Evolution of Portfolio Rules and the Capital Asset Pricing Model," Cambridge Working Papers in Economics 9909, Faculty of Economics, University of Cambridge.
- Yasuhito Tanaka, 2013.
"Equivalance of Cournot and Bertrand equilibria in differentiated duopoly under relative profit maximization with linear demand,"
Economics Bulletin, AccessEcon, vol. 33(2), pages 1479-1486.
- Tanaka, Yasuhito, 2014. "Equivalance of Cournot and Bertrand equilibria in differentiated duopoly under relative profit maximization with linear demand," MPRA Paper 55890, University Library of Munich, Germany.
- Vallée, Thomas & YIldIzoglu, Murat, 2009.
"Convergence in the finite Cournot oligopoly with social and individual learning,"
Journal of Economic Behavior & Organization, Elsevier, vol. 72(2), pages 670-690, November.
- Thomas Vallée & Murat Yildizoglu, 2007. "Convergence in Finite Cournot Oligopoly with Social and Individual Learning," Post-Print hal-00293948, HAL.
- Thomas Vallée & Murat Yildizoglu, 2009. "Convergence in the Finite Cournot Oligopoly with Social and Individual Learning," Working Papers halshs-00368274, HAL.
- Thomas Vallée & Murat Yildizoğlu, 2009. "Convergence in the finite Cournot oligopoly with social and individual learning," Post-Print hal-00722790, HAL.
- Thomas VALLEE & Murat YILDIZOGLU, 2007. "Convergence in Finite Cournot Oligopoly with Social and Individual Learning," Cahiers du GREThA (2007-2019) 2007-07, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
- Murat Yildizoglu & Thomas Vallée, 2007. "Convergence in Finite Cournot Oligopoly with Social and Individual Learning," Post-Print hal-00394413, HAL.
- Thomas Vallée & Murat Yildizoglu, 2007. "Convergence in Finite Cournot Oligopoly with Social and Individual Learning," Post-Print hal-00293929, HAL.
- Duersch, Peter & Oechssler, Jörg & Schipper, Burkhard C., 2012.
"Unbeatable imitation,"
Games and Economic Behavior, Elsevier, vol. 76(1), pages 88-96.
- Duersch, Peter & Oechssler, Joerg & Schipper, Burkhard C, 2010. "Unbeatable Imitation," MPRA Paper 20856, University Library of Munich, Germany.
- Burkhard Schipper & Peter Duersch & Joerg Oechssler, 2012. "Unbeatable Imitation," Working Papers 44, University of California, Davis, Department of Economics.
- Burkhard C. Schipper & Peter Duersch & Joerg Oechssler, 2011. "Unbeatable Imitation," Working Papers 271, University of California, Davis, Department of Economics.
- Duersch, Peter & Oechssler, Jörg & Schipper, Burkhard C., 2010. "Unbeatable Imitation," Working Papers 0499, University of Heidelberg, Department of Economics.
- Benos, Alexandros V., 1998. "Aggressiveness and survival of overconfident traders," Journal of Financial Markets, Elsevier, vol. 1(3-4), pages 353-383, September.
- Curtis Eaton & Mukesh Eswaran, 2003.
"The evolution of preferences and competition: a rationalization of Veblen's theory of invidious comparisons,"
Canadian Journal of Economics, Canadian Economics Association, vol. 36(4), pages 832-859, November.
- B. Curtis Eaton & Mukesh Eswaran, 2003. "The evolution of preferences and competition: a rationalization of Veblen's theory of invidious comparisons," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 36(4), pages 832-859, November.
- Brunk, Gregory G. & Hunter, Kennith G., 2008. "An ecological perspective on interest groups and economic stagnation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(1), pages 194-212, February.
- Satoh, Atsuhiro & Tanaka, Yasuhito, 2014.
"Relative profit maximization and Bertrand equilibrium with convex cost functions,"
Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 8, pages 1-15.
- Satoh, Atsuhiro & Tanaka, Yasuhito, 2014. "Relative profit maximization and Bertrand equilibrium with convex cost functions," Economics Discussion Papers 2014-7, Kiel Institute for the World Economy (IfW Kiel).
- Altavilla, Carlo & Luini, Luigi & Sbriglia, Patrizia, 2006.
"Social learning in market games,"
Journal of Economic Behavior & Organization, Elsevier, vol. 61(4), pages 632-652, December.
- Carlo Altavilla & Luigi Luini & Patrizia Sbriglia, 2005. "Social Learning in Market Games," Labsi Experimental Economics Laboratory University of Siena 003, University of Siena.
- Geoffrey Hodgson & Thorbjørn Knudsen, 2008. "In search of general evolutionary principles: Why Darwinism is too important to be left to the biologists," Journal of Bioeconomics, Springer, vol. 10(1), pages 51-69, April.
- Burkhard C. Schipper, 2021.
"The evolutionary stability of optimism, pessimism, and complete ignorance,"
Theory and Decision, Springer, vol. 90(3), pages 417-454, May.
- Schipper, Burkhard C., 2005. "The Evolutionary Stability of Optimism, Pessimism and Complete Ignorance," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 68, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Burkhard C. Schipper, 2019. "The Evolutionary Stability of Optimism, Pessimism, and Complete Ignorance," Working Papers 334, University of California, Davis, Department of Economics.
- Schipper, Burkhard C., 2005. "The Evolutionary Stability of Optimism, Pessimism and Complete Ignorance," Bonn Econ Discussion Papers 35/2005, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Atsuhiro Satoh & Yasuhito Tanaka, 2014.
"Relative Profit Maximization in Duopoly: Difference or Ratio,"
International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 13(2), pages 127-141, December.
- Satoh, Atsuhiro & Tanaka, Yasuhito, 2015. "Relative profit maximization in duopoly: difference or ratio," MPRA Paper 64096, University Library of Munich, Germany.
- Leininger, Wolfgang & Moghadam, Hamed Markazi, 2018. "Asymmetric oligopoly and evolutionary stability," Mathematical Social Sciences, Elsevier, vol. 96(C), pages 1-9.
- repec:ebl:ecbull:v:12:y:2006:i:14:p:1-7 is not listed on IDEAS
- 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.
- Konrad, Kai A. & Morath, Florian, 2016.
"Bargaining with incomplete information: Evolutionary stability in finite populations,"
Journal of Mathematical Economics, Elsevier, vol. 65(C), pages 118-131.
- Kai A. Konrad & Florian Morath, 2014. "Bargaining with Incomplete Information: Evolutionary Stability in Finite Populations," Working Papers tax-mpg-rps-2014-16, Max Planck Institute for Tax Law and Public Finance.
- Huang, Weihong, 2011.
"Price-taking behavior versus continuous dynamic optimizing,"
Journal of Economic Behavior & Organization, Elsevier, vol. 78(1), pages 37-50.
- Huang, Weihong, 2011. "Price-taking behavior versus continuous dynamic optimizing," Journal of Economic Behavior & Organization, Elsevier, vol. 78(1-2), pages 37-50, April.
- Fernando Vega Redondo, 1991. "Competition And Culture In The Evolution Of Economic Behavior: A Simple Example," Working Papers. Serie AD 1991-08, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Daniel Arce & Douglas Cook & Robert Kieschnick, 2015. "On the evolution of corporate capital structures," Journal of Evolutionary Economics, Springer, vol. 25(3), pages 561-583, July.
- Leininger, Wolfgang, 2019. "Is it really overdissipation? A reassessment of evolutionarily stable behavior in contests," Ruhr Economic Papers 809, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Alos-Ferrer, Carlos, 2004.
"Cournot versus Walras in dynamic oligopolies with memory,"
International Journal of Industrial Organization, Elsevier, vol. 22(2), pages 193-217, February.
- Carlos Alós-Ferrer, 2001. "Cournot versus Walras in Dynamic Oligopolies with Memory," Vienna Economics Papers vie0110, University of Vienna, Department of Economics.
- Witte, Björn-Christopher, 2012. "Fund managers - Why the best might be the worst: On the evolutionary vigor of risk-seeking behavior," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 6, pages 1-29.
- Alessandra Chirco & Caterina Colombo & Marcella Scrimitore, 2013.
"Quantity competition, endogenous motives and behavioral heterogeneity,"
Theory and Decision, Springer, vol. 74(1), pages 55-74, January.
- Chirco, Alessandra & Colombo, Caterina & Scrimitore, Marcella, 2010. "Quantity Competition, Endogenous Motives and Behavioral Heterogeneity," MPRA Paper 24165, University Library of Munich, Germany.
- Atsuhiro Satoh & Yasuhito Tanaka, 2013.
"Relative profit maximization and Bertrand equilibrium with quadratic cost functions,"
Economics and Business Letters, Oviedo University Press, vol. 2(3), pages 134-139.
- Satoh, Atsuhiro & Tanaka, Yasuhito, 2014. "Relative profit maximization and Bertrand equilibrium with quadratic cost functions," MPRA Paper 55893, University Library of Munich, Germany.
- Planer-Friedrich, Lisa & Sahm, Marco, 2017. "Strategic corporate social responsibility," BERG Working Paper Series 124, Bamberg University, Bamberg Economic Research Group.
- Bigoni, Maria & Fort, Margherita, 2013.
"Information and learning in oligopoly: An experiment,"
Games and Economic Behavior, Elsevier, vol. 81(C), pages 192-214.
- Maria Bigoni, 2008. "Information and Learning in Oligopoly: an Experiment," "Marco Fanno" Working Papers 0072, Dipartimento di Scienze Economiche "Marco Fanno".
- M. Bigoni & M. Fort, 2013. "Information and Learning in Oligopoly: an Experiment," Working Papers wp860, Dipartimento Scienze Economiche, Universita' di Bologna.
- Bigoni, Maria & Fort, Margherita, 2013. "Information and Learning in Oligopoly: An Experiment," IZA Discussion Papers 7125, Institute of Labor Economics (IZA).
- Davide Radi, 2017. "Walrasian versus Cournot behavior in an oligopoly of boundedly rational firms," Journal of Evolutionary Economics, Springer, vol. 27(5), pages 933-961, November.
- Ana B. Ania & Carlos Alós Ferrer & Fernando Vega Redondo, 1997. "From Walrasian oligopolies to natural monopolyan: An evolutionary model of market structure," Working Papers. Serie AD 1997-24, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- B. Curtis Eaton & Mukesh Eswaran & Robert J. Oxoby, 2011.
"‘Us’ and ‘Them’: the origin of identity, and its economic implications,"
Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 44(3), pages 719-748, August.
- B. Curtis Eaton & Mukesh Eswaran & Robert J. Oxoby, 2011. "Us and `Them': the origin of identity, and its economic implications," Canadian Journal of Economics, Canadian Economics Association, vol. 44(3), pages 719-748, August.
- 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.
- Ok, Efe A. & Vega-Redondo, Fernando, 2001. "On the Evolution of Individualistic Preferences: An Incomplete Information Scenario," Journal of Economic Theory, Elsevier, vol. 97(2), pages 231-254, April.
- Gu, Yiquan & Wenzel, Tobias, 2015.
"Putting on a tight leash and levelling playing field: An experiment in strategic obfuscation and consumer protection,"
International Journal of Industrial Organization, Elsevier, vol. 42(C), pages 120-128.
- Gu, Yiquan & Wenzel, Tobias, 2015. "Putting on a tight leash and levelling playing field: An experiment in strategic obfuscation and consumer protection," DICE Discussion Papers 192, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Dufwenberg, Martin & Guth, Werner, 2000.
"Why do you hate me?: On the survival of spite,"
Economics Letters, Elsevier, vol. 67(2), pages 147-152, May.
- Dufwenberg, M. & Güth, W., 1999. "Why do you hate me? - On the survival of spite -," SFB 373 Discussion Papers 1999,16, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
- Ania, Ana B. & Wagener, Andreas, 2016.
"Decentralized redistribution in a laboratory federation,"
Journal of Urban Economics, Elsevier, vol. 93(C), pages 49-59.
- Ana B. Ania & Andreas Wagener, 2014. "Decentralized Redistribution in a Laboratory Federation," Vienna Economics Papers vie1402, University of Vienna, Department of Economics.
- Andrea Bacchiocchi & Sebastian Ille & Germana Giombini, 2024.
"The effects of a green monetary policy on firms financing cost,"
Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 19(4), pages 727-757, October.
- Andrea Bacchiocchi & Sebastian Ille & Germana Giombini, 2023. "The effects of a green monetary policy on firms financing costs," Working Papers 2301, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2023.
- Wolfgang Leininger, 2004. "Fending off one Means Fending off all: Evolutionary Stability in Submodular Games (new title: Fending off one means fending off all: evolutionary stability in quasi-submodular aggregative games)," CESifo Working Paper Series 1266, CESifo.
- Levesque, Moren & Shepherd, Dean A., 2002. "A new venture's optimal entry time," European Journal of Operational Research, Elsevier, vol. 139(3), pages 626-642, June.
- Sarah Mignot & Fabio Tramontana & Frank Westerhoff, 2024.
"Complex dynamics in a nonlinear duopoly model with heuristic expectation formation and learning behavior,"
Annals of Operations Research, Springer, vol. 337(3), pages 809-834, June.
- Mignot, Sarah & Tramontana, Fabio & Westerhoff, Frank H., 2023. "Complex dynamics in a nonlinear duopoly model with heuristic expectation formation and learning behavior," BERG Working Paper Series 187, Bamberg University, Bamberg Economic Research Group.
- Duersch, Peter & Oechssler, Jörg & Schipper, Burkhard C., 2010.
"Pure Saddle Points and Symmetric Relative Payoff Games,"
Working Papers
0500, University of Heidelberg, Department of Economics.
- Burkhard C. Schipper & Peter Duersch & Joerg Oechssler, 2010. "Pure Saddle Points and Symmetric Relative Payoff Games," Working Papers 104, University of California, Davis, Department of Economics.
- Duersch, Peter & Oechssler, Joerg & Schipper, Burkhard C, 2010. "Pure Saddle Points and Symmetric Relative Payoff Games," MPRA Paper 20864, University Library of Munich, Germany.
- Witte, Björn-Christopher, 2012. "Fund managers - Why the best might be the worst: On the evolutionary vigor of risk-seeking behavior," Economics Discussion Papers 2012-20, Kiel Institute for the World Economy (IfW Kiel).
- Martorana, Marco Ferdinando, 2011. "Voting Behaviour in a dynamic perspective: a survey," MPRA Paper 37592, University Library of Munich, Germany.
- Carlos Alós Ferrer & Ana B. Ania, 2002. "The Evolutionary Logic of Feeling Small," Vienna Economics Papers vie0216, University of Vienna, Department of Economics.
- Ania, Ana B., 2008.
"Evolutionary stability and Nash equilibrium in finite populations, with an application to price competition,"
Journal of Economic Behavior & Organization, Elsevier, vol. 65(3-4), pages 472-488, March.
- Ana B. Ania, 2005. "Evolutionary stability and Nash equilibrium in finite populations, with an application to price competition," Vienna Economics Papers vie0601, University of Vienna, Department of Economics.
- Duersch, Peter & Oechssler, Jörg & Schipper, Burkhard C., 2010.
"Pure Saddle Points and Symmetric Relative Payoff Games,"
Working Papers
0500, University of Heidelberg, Department of Economics.
- Burkhard C. Schipper & Peter Duersch & Joerg Oechssler, 2010. "Pure Saddle Points and Symmetric Relative Payoff Games," Working Papers 301, University of California, Davis, Department of Economics.
- Duersch, Peter & Oechssler, Joerg & Schipper, Burkhard C, 2010. "Pure Saddle Points and Symmetric Relative Payoff Games," MPRA Paper 20864, University Library of Munich, Germany.
- Takuya Iimura & Toshimasa Maruta & Takahiro Watanabe, 2020. "Two-person pairwise solvable games," International Journal of Game Theory, Springer;Game Theory Society, vol. 49(2), pages 385-409, June.
- Robert Philipowski, 2016. "Spiteful behavior can make everybody better off," Evolutionary and Institutional Economics Review, Springer, vol. 13(1), pages 113-116, June.
- Gu, Yiquan & Hehenkamp, Burkhard & Leininger, Wolfgang, 2019.
"Evolutionary equilibrium in contests with stochastic participation: Entry, effort and overdissipation,"
Journal of Economic Behavior & Organization, Elsevier, vol. 164(C), pages 469-485.
- Yiquan Gu & Burkhard Hehenkamp & Wolfgang Leininger, 2018. "Evolutionary Equilibrium in Contests with Stochastic Participation: Entry, Effort and Overdissipation," Working Papers 201810, University of Liverpool, Department of Economics.
- Martin Grossmann, 2015.
"Evolutionarily Stable Strategies in Sports Contests,"
Journal of Sports Economics, , vol. 16(1), pages 108-121, January.
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- Martin Grossmann, 2011. "Evolutionarily Stable Strategies in Sports Contests," Working Papers 0149, University of Zurich, Institute for Strategy and Business Economics (ISU).
- 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., 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.
- Burkhard C. Schipper, 2005. "Imitators and Optimizers in Cournot oligopoly," Working Papers 537, University of California, Davis, Department of Economics.
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"Does Competition Make Firms More Flexible? A Study of Limited Managerial Cognition,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 3(2), pages 279-300, Summer.
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- Duersch, Peter & Oechssler, Jörg & Schipper, Burkhard C., 2012.
"Unbeatable imitation,"
Games and Economic Behavior,
Elsevier, vol. 76(1), pages 88-96.
- Duersch, Peter & Oechssler, Jörg & Schipper, Burkhard C., 2010. "Unbeatable Imitation," Working Papers 0499, University of Heidelberg, Department of Economics.
- Burkhard Schipper & Peter Duersch & Joerg Oechssler, 2012. "Unbeatable Imitation," Working Papers 125, University of California, Davis, Department of Economics.
- Burkhard C. Schipper & Peter Duersch & Joerg Oechssler, 2011. "Unbeatable Imitation," Working Papers 103, University of California, Davis, Department of Economics.
- Duersch, Peter & Oechssler, Joerg & Schipper, Burkhard C, 2010. "Unbeatable Imitation," MPRA Paper 20856, University Library of Munich, Germany.
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- Witte, Björn-Christopher, 2011. "Fund managers - why the best might be the worst: On the evolutionary vigor of risk-seeking behavior," BERG Working Paper Series 81, Bamberg University, Bamberg Economic Research Group.
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"Free Entry Oligopoly, Cournot, Bertrand and Relative Profit Maximization,"
International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 13(2), pages 143-155, December.
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"An illustration of the essential difference between individual and social learning, and its consequences for computational analyses,"
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- Alexander Matros & John Duffy & Ted Temzelides, 2006. "Competitive Behavior in Market Games: Evidence and Theory," Working Paper 201, Department of Economics, University of Pittsburgh, revised Sep 2008.
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- Atsuhiro Satoh & Yasuhito Tanaka, 2014.
"Irrelevance of Conjectural Variations in Duopoly under Relative Profit Maximization and Consistent Conjectures,"
Journal of Economics and Management, College of Business, Feng Chia University, Taiwan, vol. 10(2), pages 101-115, July.
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