116 resultados para Punishments


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In this note we characterize optimal punishments with detection lags when the market consists of n oligopolistic firms. We extend a previous note by Colombo and Labrecciosa (2006) [Colombo, L., and Labrecciosa, P., 2006. Optimal punishments with detection lags. Economic Letters 92, 198-201] to show how in the presence of detection lags optimal punish- ments fail to restore cooperation also in markets with a low number of firms.

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We investigate, within a Cournot supergame, whether previous termoptimalnext term punishments may become suboptimal when economies of scale are not negligible. We show that, for sufficiently strong increasing returns to scale, the critical discount factor associated to grim trigger strategies is lower than the one associated to previous termoptimalnext term penal codes.

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In this note we characterize previous termoptimalnext term two-phase previous termpunishmentsnext term in the presence of an n period previous termdetection lag,next term i.e. when cheating on an implicit agreement can be kept secret for a certain time period. Two simple applications are also provided.

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Folio-sized leaf containing a handwritten essay on the distribution of rewards and punishments by God, beginning with the prompt: "Whether the future good (Happiness) of the whole be only Foundation of Merit & Demerit."

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Mode of access: Internet.

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Mode of access: Internet.

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Translation of "Le Plan de Dieu envers les hommes ... ".