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We analyze the effectiveness of antitrust enforcement in repeated oligopoly models in which both fines and detection probabilities depend on the cartel price. Such fines reflect actual guidelines. Inspections based on monitoring of market prices imply endogenous detection probabilities. Without...
Persistent link: https://www.econbiz.de/10008500620
Slantchev (2003, American Political Science Review, 97) studies a class of negotiation models to explain costly conflict between two completely informed nations. In one of his main propositions (Proposition 2.3), Slantchev provides a strategy profile to support the so-called extremal subgame...
Persistent link: https://www.econbiz.de/10005094781
Slantchev (2003, American Political Science Review, 97) studies a class of negotiation models to explain costly conflict between two completely informed nations. In one of his main propositions (Proposition 2.3), Slantchev provides a strategy profile to support the so-called extremal subgame...
Persistent link: https://www.econbiz.de/10010630416