The optimality of optimal punishments in Cournot supergames
Helmuts Azacis () and
No E2007/27, Cardiff Economics Working Papers from Cardiff University, Cardiff Business School, Economics Section
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.
Keywords: Optimal punishments; trigger strategies; collusion; cartels (search for similar items in EconPapers)
JEL-codes: C73 D43 L13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-gth and nep-mic
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Published in Economics Letters , Vol. 105, 2009, pp. 56-57.
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Journal Article: The optimality of optimal punishments in Cournot supergames (2009)
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Persistent link: http://EconPapers.repec.org/RePEc:cdf:wpaper:2007/27
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