Simulating the Ecology of Oligopoly Games with Genetic Algorithms

Chih-Chi Ni () and Shu-Heng Chen
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Chih-Chi Ni: National Chengchi University

No 1012, Computing in Economics and Finance 1999 from Society for Computational Economics

Abstract: This paper extends the N -person IPD game into a more interesting one in economics: the oligopoly game. Due to its dynamics of market share, the oligopoly game is more complicated and need not be exactly an N -person IPD game. Using genetic algorithms, we simulate oligopoly games under various settings. It is found that, even in the case of the three-oligopolist (three-player) game, collusive pricing (cooperation) is not the most dominating result.

Date: 1999-03-01
New Economics Papers: this item is included in nep-cmp, nep-evo, nep-gth and nep-ind
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Citations: View citations in EconPapers (2)

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