A Comparison of an Oligopoly Game and the N-Person Iterated Prisoner's Dilemma

Abstract

We review and analyze a recently proposed model of an Oligopoly Game. From a theoretical investigation of the payoff scheme, we confirm that it cannot be a true representation of the N -Person Iterated Prisoner's Dilemma. From an empirical investigation of the model's parameters, we show which are crucial to the evolution of cooperation. We compare these results with a separate set of simulations of the abstract NIPD.