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, we show that the stick-and-carrot punishment à la Abreu (1986) may not be globally optimal. We prove our result by …-and-carrot globally optimal punishment for large cartels, and fully characterise it. Then, we show that for mall cartels, global …
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, we show that the stick-and-carrot punishment à la Abreu (1986) may not be globally optimal. We prove our result by …-and-carrot globally optimal punishment for large cartels, and fully characterise it. Then, we show that for mall cartels, global …
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We model the perspective faced by nuclear powers involved in a supergame where nuclear deterrence is used to stabilise peace. This setting allows us to investigate the bearings of defensive weapons on the effectiveness of deterrence and peace stability, relying on one-shot optimal punishments....
Persistent link: https://www.econbiz.de/10011737227
We model the perspective faced by nuclear powers involved in a supergame where nuclear deterrence is used to stabilise peace. This setting allows us to investigate the bearings of defensive weapons on the effectiveness of deterrence and peace stability, relying on one-shot optimal punishments....
Persistent link: https://www.econbiz.de/10014184539
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