Every decision we take is accompanied by a characteristic pattern of response delay, gaze
position, pupil dilation, and neural activity. Nevertheless, many models of social decision …

We study how commitment of entrepreneurs to sustainability practices might effectively
improve the social and environmental impact of market competition. To this end we devised …

In this paper, a theoretical framework of Multi-agent Simulation (MAS) is proposed for
strategic bidding in electricity markets using reinforcement learning, which consists of two …

Imitation has been shown to be an important heuristic, in particular in relatively complex
environments. In this experiment we test whether subjects are more likely to use imitation if …

In the rank of behavioral rules, imitation-based heuristics have received special attention in
economics (see Vega-Redondo, 1997; Schlag, 1998). In particular, imitative behavior …

Both in the United States and in Europe, antitrust authorities prohibit merger not only if the
merged entity, in and of itself, is no longer sufficiently controlled by competition, but also if …

We consider the competition among quantity setting players in a deterministic nonlinear
oligopoly framework characterized by an isoelastic demand curve. Players are characterized …

The double auction is a widely applicable trading mechanism used to converge to
competitive equilibrium in different markets from which multiple equilibriums and incomplete …

In oligopoly, imitating the most successful competitor yields very competitive outcomes. This
theoretical prediction has been confirmed experimentally by a number of studies. A recent …

Many manufacturers ensure supply capacity by using more than one supplier and sharing
their capacity investment costs via supplier development programs. Their suppliers face …