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Cournot markets in the field: Dynamic decision-making in non-standard markets Progress Nyanga
unpublished
The Cournot economic model is very useful for representing atomized markets in laboratory experiments. Ideally, such experiments are designed following a set of conditions in order to use the model properly. However, non-standard markets and procedural concerns make it impossible for standard conditions to be adhered to in some cases. One such case is the context of rural Africa, where economic objectives of market participants differ from profit maximization, where experiments are typically
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