Using Genetic Algorithms to Simulate the Evolution of an Oligopoly Game


This paper extends the N-person IPD game into a more interesting game in economics, namely, the oligopoly game. Due to its market share dynamics, the oligopoly game is more complicated and is in general not an exact N-person IPD game. Using genetic algroithms, we simulated the oligopoly games under various settings. It is found that, even in the case of a… (More)
DOI: 10.1007/3-540-48873-1_38


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