A Trade Network Game With Endogenous Partner Selection1
نویسنده
چکیده
This paper develops an evolutionary trade network game (TNG) that combines evolutionary game play with endogenous partner selection. Successive generations of resource-constrained buyers and sellers choose and refuse trade partners on the basis of continually updated expected payo®s. Trade partner selection takes place in accordance with a modi ̄ed Gale-Shapley matching mechanism, and trades are implemented using trade strategies evolved via a standardly speci ̄ed genetic algorithm. The trade partnerships resulting from the matching mechanism are shown to be core stable and Pareto optimal in each successive trade cycle. Nevertheless, computer experiments suggest that these static optimality properties may be inadequate measures of optimality from an evolutionary perspective.
منابع مشابه
A Trade Network Game with Endogenous Partner Selection
This paper develops a Trade Network Game (TNG) that combines evolutionary game play with endogenous partner selection. Resource-constrained buyers and sellers choose and refuse trade partners on the basis of continually updated expected payoffs. Partner selection takes place in accordance with a “deferred choice and refusal” mechanism that is shown to have interesting stability, optimality, and...
متن کاملAn Evolutionary Trade Network Game with Preferential Partner Selection
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 modu lar form of the TNG facilitates experimenta tion with alternative specifications for trade p^tner matching, trading, expectation updat ing, and trade strategy evolution. Experim...
متن کاملA JOINT DUTY CYCLE SCHEDULING AND ENERGY AWARE ROUTING APPROACH BASED ON EVOLUTIONARY GAME FOR WIRELESS SENSOR NETWORKS
Network throughput and energy conservation are two conflicting important performance metrics for wireless sensor networks. Since these two objectives are in conflict with each other, it is difficult to achieve them simultaneously. In this paper, a joint duty cycle scheduling and energy aware routing approach is proposed based on evolutionary game theory which is called DREG. Making a trade-off ...
متن کاملA C++ Platform for the Evolution of Trade Networks
This paper presents a general C platform for the implementation of a trade network game TNG that combines evolutionary game play with preferential partner selec tion In the TNG successive generations of resource constrained traders choose and refuse trade partners on the basis of continually updated expected payo s engage in risky trades modelled as two person games and evolve their trade strat...
متن کاملSuitable Partner Node Selection and Resource Allocation in Cooperative Wireless Communication Using the Trade-Off Game
The performance of any cooperative communication system depends largely on the selection of a proper partner. Another important factor to consider is an efficient allocation of resource like power by the source node to help it in forwarding information to the destination. In this paper, we look at the concepts of partner selection and resource (power) allocation for a distributed communication ...
متن کامل