A Comparison of an Oligopoly Game and the N-Person Iterated Prisoner's Dilemma

Tzai- Der Wang (), Colin Fyfe () and John Paul Marney ()
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Tzai- Der Wang: University of Paisley
Colin Fyfe: University of Paisley
John Paul Marney: University of Paisley

No 1013, Computing in Economics and Finance 1999 from Society for Computational Economics

Abstract: We review and analyze a recently proposed model of an Oligopoly Game. From a theoretical investigation of the payoff scheme, we confirm that it cannot be a true representation of the N -Person Iterated Prisoner's Dilemma. From an empirical investigation of the model's parameters, we show which are crucial to the evolution of cooperation. We compare these results with a separate set of simulations of the abstract NIPD.

Date: 1999-03-01
New Economics Papers: this item is included in nep-gth and nep-ind
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