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Penalizing Cartels: The Case for Basing Penalties on Price Overcharge
Katsoulacos, Yannis; Motchenkova, Evgenia; Ulph, David - Tinbergen Instituut - 2014
In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather than on the more conventional bases of revenue or profits (illegal gains). To do this we undertake a systematic comparison of a penalty based on the cartel overcharge with...
Persistent link: https://www.econbiz.de/10011261929
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Computing Alternating Offers and Water Prices in Bilateral River Basin Management
Houba, Harold - Tinbergen Instituut - 2006
This discussion paper resulted in an article in the <I>International Game Theory Review</I> (2008), 10, 257-278.<P …> This contribution deals with the fundamental critique in Dinar et al. (1992, Theory and Decision 32) on the use of Game … theory in water management: People are reluctant to monetary transfers unrelated to water prices and game theoretic solutions …
Persistent link: https://www.econbiz.de/10011257198