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The optimality of optimal punishments in Cournot supergames

Azacis, Helmuts and Collie, David R. 2007. The optimality of optimal punishments in Cournot supergames. [Working Paper]. Cardiff Economics Working Papers, Cardiff: Cardiff University.

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Abstract

The result of Colombo and Labrecciosa (2006) that optimal punishments are inferior to Nash-reversion trigger strategies with decreasing marginal costs is due to the output when a firm deviates from the punishment path being allowed to become negative.

Item Type: Monograph (Working Paper)
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > HB Economic Theory
Publisher: Cardiff University
Date of First Compliant Deposit: 30 March 2016
Last Modified: 04 Jun 2017 08:25
URI: http://orca-mwe.cf.ac.uk/id/eprint/77774

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