Repeated Cournot model with justifiable punishments

Miguel Aramendia () and Quan Wen ()

Economics Letters, 2015, vol. 136, issue C, 171-174

Abstract: We study subgame perfect equilibria with justifiable punishments in a repeated Cournot model with more than two firms. To implement any of such equilibria, our intuitive strategy design may not be further simplified given the requirement for justifiable punishments.

Keywords: Repeated game; Folk theorem; Justifiable punishments (search for similar items in EconPapers)
JEL-codes: C72 D43 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:136:y:2015:i:c:p:171-174

DOI: 10.1016/j.econlet.2015.09.030

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