No need for conspiracy: Self-organized cartel formation in a modified trust game

@article{Peixoto2012NoNF,
  title={No need for conspiracy: Self-organized cartel formation in a modified trust game},
  author={T. Peixoto and S. Bornholdt},
  journal={Physical review letters},
  year={2012},
  volume={108 21},
  pages={
          218702
        }
}
  • T. Peixoto, S. Bornholdt
  • Published 2012
  • Computer Science, Economics, Physics, Medicine
  • Physical review letters
  • We investigate the dynamics of a trust game on a mixed population, where individuals with the role of buyers are forced to play against a predetermined number of sellers whom they choose dynamically. Agents with the role of sellers are also allowed to adapt the level of value for money of their products, based on payoff. The dynamics undergoes a transition at a specific value of the strategy update rate, above which an emergent cartel organization is observed, where sellers have similar values… CONTINUE READING

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