The suboptimality of optimal punishments in Cournot supergames
Full text is not in this repository.
This item is available in the Library Catalogue
We investigate, within a Cournot supergame, whether optimal 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 optimal penal codes.
|Research Areas:||A. Middlesex University Schools and Centres > Business School > Economics|
|Citations on ISI Web of Science:||1|
|Deposited On:||27 Nov 2008 12:08|
|Last Modified:||11 Mar 2014 07:42|
Repository staff only: item control page
Full text downloads (NB count will be zero if no full text documents are attached to the record)
Downloads per month over the past year