Collusion sustainability with optimal punishments and detection lags, with an application to a Cournot game
In this paper we characterize optimal punishments with detection lags when the market consists of n oligopolistic firms that compete à la Cournot. It is shown how in the presence of detection lags optimal punishments fail to restore cooperation as long as the number of lags increases. Moreover, coll...
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| Autores principales: | , |
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| Lenguaje: | English |
| Publicado: |
Universidad de Chile. Departamento de Economía
2013
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| Materias: | |
| Acceso en línea: | http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862013000200006 |
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