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A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian outcome where price equals marginal cost. In this paper we show that this result is not robust to the slightest asymmetry in fixed costs. Instead of obtaining the Walrasian outcome...
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We present evidence from a natural field experiment designed to shed light on the efficacy of fundraising schemes in … fundraising ; natural field experiment …
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