Narrow search
Showing 1 - 10 of 2,600
Cover Image
Fines, Leniency and Rewards in Antitrust: An Experiment
Bigoni, Maria; Fridolfsson, Sven-Olof; Le Coq, Chloé; … - Institutet för Näringslivsforskning (IFN) - 2008
This paper reports results from an experiment studying how fines, leniency programs and reward schemes for whistleblowers affect cartel formation and prices. Antitrust without leniency reduces cartel formation, but increases cartel prices: subjects use costly fines as (altruistic) punishments....
Persistent link: https://www.econbiz.de/10005419507
Cover Image
Elected vs appointed public law enforcers
Langlais, Eric; Obidzinski, Marie - Centre de Recherche sur les Stratégies Économiques … - 2013
This paper revisits the issue of law enforcement and the design of monetary sanctions when the public law enforcer's incentives depart from those of a benevolent authority, which is the most frequent assumption made in the literature on crime deterrence. We first consider the case an elected...
Persistent link: https://www.econbiz.de/10010690500
Cover Image
Elected vs appointed public law enforcers
LANGLAIS, Eric; Obidzinski, Marie - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2013
This paper revisits the issue of law enforcement and the design of monetary sanctions when the public law enforcer's incentives depart from those of a benevolent authority, which is the most frequent assumption made in the literature on crime deterrence. We …rst consider the case of an elected...
Persistent link: https://www.econbiz.de/10010992370
Cover Image
Punitive Police? Agency Costs, Law Enforcement, and Criminal Procedure
Dharmapala, Dhammika; Garoupa, Nuno; McAdams, Richard H. - CESifo - 2015
evidence on punishment preferences, in which subjects reveal a heterogeneous preference for punishing wrongdoers, our model … identifies circumstances in which “punitive” individuals (with stronger-than-average punishment preferences) will self …-select into law enforcement jobs that offer the opportunity to punish (or facilitate the punishment of) wrongdoers. Such “punitive …
Persistent link: https://www.econbiz.de/10011265252
Cover Image
Fines, Leniency and Rewards in Antitrust: an Experiment
Bigoni, Maria; Fridolfsson, Sven-Olof; Le Coq, Chloé; … - C.E.P.R. Discussion Papers - 2009
This paper reports results from an experiment studying how fines, leniency programs and reward schemes for whistleblowers affect cartel formation and prices. Antitrust without leniency reduces cartel formation, but increases cartel prices: subjects use costly fines as (altruistic) punishments....
Persistent link: https://www.econbiz.de/10004976790
Cover Image
Making the Punishment Fit the Crime or Taliban Justice? Optimal Penalties without Commitment
Ghosh, Parikshit - eSocialSciences - 2009
penalties arise only in the presence of secondary motives that value punishment in itself. Other motives that are unrelated to … the size of the punishment will also lead to distortions, but those cannot be corrected by restructuring penalties. The …
Persistent link: https://www.econbiz.de/10004997990
Cover Image
Truth-telling and Nash equilibria in minimum cost spanning tree models
Hougaard, Jens Leth; Tvede, Mich - In: European Journal of Operational Research 222 (2012) 3, pp. 566-570
In this paper we consider the minimum cost spanning tree model. We assume that a central planner aims at implementing a minimum cost spanning tree not knowing the true link costs. The central planner sets up a game where agents announce link costs, a tree is chosen and costs are allocated...
Persistent link: https://www.econbiz.de/10010597592
Cover Image
Ex-Post Regret Learning in Games with Fixed and Random Matching: The Case of Private Values
Saran, Rene; Serrano, Roberto - Brown University, Department of Economics - 2010
In contexts in which players have no priors, we analyze a learning pro- cess based on ex-post regret as a guide to understand how to play games of incomplete information under private values. The conclusions depend on whether players interact within a fixed set (fixed matching) or they are ran-...
Persistent link: https://www.econbiz.de/10008643834
Cover Image
Cournot games with linear regression expectations in oligopolistic markets
Kamalinejad, Howra; Majd, Vahid Johari; Kebriaei, Hamed; … - In: Mathematics and Computers in Simulation (MATCOM) 80 (2010) 9, pp. 1874-1885
In this paper, a Cournot game in an oligopolistic market with incomplete information is considered. The market consists of some producers that compete for getting higher payoffs. For optimal decision making, each player needs to estimate its rivals’ behaviors. This estimation is carried out...
Persistent link: https://www.econbiz.de/10010870753
Cover Image
A model of a 2-player stopping game with priority and asynchronous observation
Ramsey, D. - In: Computational Statistics 66 (2007) 1, pp. 149-164
Various models of 2-player stopping games have been considered which assume that players simultaneously observe a sequence of objects. Nash equilibria for such games can be found by first solving the optimal stopping problems arising when one player remains and then defining by recursion the...
Persistent link: https://www.econbiz.de/10010847925