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...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidad de Chile
2013-01-01
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| Series: | Estudios de Economía |
| Online Access: | https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/31033 |