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This discussion paper led to a publication in 'Social Choice and Welfare', 2005, 24, 439-454.<P> Many economic and social situations can be represented by a digraph. Both axiomatic and iterativemethods to determine the strength or power of all the nodes in a digraph have been proposed inthe...</p>
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challenge for optimal antitrust enforcement. We integrate the mentioned legal principles into an infinitely-repeated oligopoly …
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-repeated oligopoly model. Bankruptcy considerations ensure abnormal cartel profits. We derive the optimal fine schedule that achieves …
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enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the discount factor is sufficiently … close to one. We present a linear oligopoly model where the profit-maximizing cartel price converges to the competitive …
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