Imitation Dynamic and Nash Equilibrium in Cournot Oligopoly with Capacities
Alex Possajennikov ()
International Game Theory Review (IGTR), 2003, vol. 05, issue 03, 291-305
The paper considers an imitation dynamic in the context of Cournot oligopoly. The pure "imitate-the-best" behavior can lead to an outcome inconsistent with Cournot-Nash equilibrium. The paper extends purely imitative behavior to imperfect imitation in the two-stage model with capacities and prices. This variation in the imitative behavior improves efficiency and makes the Cournot-Nash equilibrium a possible outcome of the dynamic imitation process.
Keywords: Imitation; Cournot oligopoly; evolutionary games (search for similar items in EconPapers)
JEL-codes: B4 C0 C6 C7 D5 D7 M2 (search for similar items in EconPapers)
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wsi:igtrxx:v:05:y:2003:i:03:n:s0219198903001069
Ordering information: This journal article can be ordered from
Access Statistics for this article
International Game Theory Review (IGTR) is currently edited by David W K Yeung
More articles in International Game Theory Review (IGTR) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().