The optimality of optimal punishments in Cournot supergames

Helmuts Azacis and David Collie

No E2007/27, Cardiff Economics Working Papers from Cardiff University, Cardiff Business School, Economics Section

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.

Keywords: Optimal punishments; trigger strategies; collusion; cartels (search for similar items in EconPapers)
JEL-codes: C73 D43 L13 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2007-10
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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Related works:
Journal Article: The optimality of optimal punishments in Cournot supergames (2009)
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