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second contributor. The consequences of sanctioning depend on the treatment: whereas punishment can reduce inequality in one … treatment, it only creates another inequality in the other. To capture the effect of delay on punishment both treatments are run … once with immediate and once with delayed punishment. Moreover, to investigate the effect of pure voice, all four …
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On a homogeneous oligopoly market informed sellers are fully aware of market demand whereas uninformed sellers only know the distribution. We first derive the market results when sellers are risk averse, similarly to Ponssard (1979) who assumed risk neutrality throughout. With the help of these...
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