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We analyze a symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round à la Vega-Redondo (1997). Optimizers play a myopic best response to the opponents' previous output....
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Mechanism design theory strongly relies on the concept of Nash equilibrium. However, studies of experimental games show … of the most influential benchmarks of mechanism design theory, the expected externality mechanism (DÁspremont, Gerard …
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