Authors: Haiyan Qiao, Jerzy Rozenblit
Addresses: Department of Computer Science and Engineering, California State University San Bernardino, 5500 University Parkway, San Bernardino, CA 92407, USA. ' Department of Electrical and Computer Engineering, The University of Arizona, Tucson, Arizona 85721, USA
Abstract: The Nash bargaining solution of oligopolies is introduced, and agent-based simulation model and procedure are developed, in which the firms are able to learn and approach the cooperative solution. An example with three firms illustrates the methodology, in which both sequential and simultaneous moves are allowed.
Keywords: oligopolies; bargaining solution; agent-based simulation; Nash bargaining; modelling; cooperation.
International Journal of Internet and Enterprise Management, 2009 Vol.6 No.1, pp.31 - 40
Published online: 04 Feb 2009 *Full-text access for editors Access for subscribers Purchase this article Comment on this article