An evolutionary trade network game (TNG) is proposed for studying the interplay between evolutionary game dynamics and preferential partner selection in various market contexts with distributed adaptive agents. The modular form of the TNG facilitates experimentation with alternative specifications for trade partner matching, trading, expectation up dating, and trade strategy evolution. Experimental results obtained using a C++ implementation suggest that the conventional optimality properties used to evaluate agent matching mechanisms in static market contexts maybe inadequate measures of optimality from an evolutionary perspective.
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Paper provided by Iowa State University Department of Economics in its series Economic Report with number
38.
Length: Date of creation: Feb 1996 Date of revision: Handle: RePEc:isu:iowaer:38
Contact details of provider: Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070 Phone: +1 515.294.6741 Fax: +1 515.294.0221 Email: Web page: http://www.econ.iastate.edu More information through EDIRC
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Roth, Alvin E. & Sotomayor, Marilda, 1992.
"Two-sided matching,"
Handbook of Game Theory with Economic Applications,
in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 1, chapter 16, pages 485-541
Elsevier.
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