Apesteguia, Jose; Huck, Steffen; Oechssler, Jörg; … - In: Journal of Economic Theory 145 (2010) 5, pp. 1603-1617
A well-known result by Vega-Redondo (1997) [18] implies that in symmetric Cournot oligopolies, imitation leads to the Walrasian outcome. We show that this result is not robust to the slightest asymmetry in costs, since every outcome where agents choose identical actions will be played some...