Rapid pace of natural resource depletion and environment deterioration is a cause concern worldwide. Remanufacturing offers promising option for reduction in the waste resources consumption. As rapidly developing economy, China initiated remanufacturing efforts 1990s. While focusing on evolution China, using game theoretic setup, we analyze manufacturer retailer's decisions to enter industry. E...

Evolutionary game-theory is a powerful tool to investigate the development of complex relations between individuals such as the emergence of cooperation and trust. But the propagation of genes is an unrealistic assumption when it comes to model fast-changing social interactions. We show how a transition from evolutionary game-theory to learning can be made. Specifically, we show how cooperation...

Classical evolutionary game theory allows one to analyze the population dynamics of interacting individuals playing different strategies (broadly defined) in a population. To expand scope this framework allow us examine evolution these individuals’ over time, we present idea fitness-generating (G) function. Under model, can simultaneously consider (ecological) and strategy (evolutionary) dynami...

research interests include evolution and learning in games and the economics of technological standardization. Abstract We survey three classes of models from evolutionary game theory which make history independent predictions: stochastic stability, stochastic stability with local interaction, and cheap talk. We argue that of the three, only local interaction models yield credible history indep...

Through the modeling of ecosystems, evolutionary game theory brings such diverse fields as biology, ecology, economics and sociology under the umbrella of mathematical sciences [1, 2, 3]. One central objective of evolutionary game theory is to understand the workings of cooperative behavior among the individuals in an ecosystem. Since the publication of the work by Axelrot on the prisoner’s dil...

We present a theory which describes a recently introduced model of an evolving , adaptive system in which agents compete to be in the minority. The agents themselves are able to evolve their strategies over time in an attempt to improve their performance. The present theory explicitly demonstrates the self-interaction, or market impact that agents in such systems experience.