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International Environmental Cooperation under Fairness and Reciprocity
Hadjiyiannis, Costas; İriş, Doruk; Tabakis, Chrysostomos - In: The B.E. Journal of Economic Analysis & Policy 12 (2012) 1
Abstract This paper explores the implications of fairness and reciprocity for self-enforcing international environmental agreements on pollution abatement. Reciprocal countries reward fair behavior (positive reciprocity), but retaliate against countries behaving unfairly (negative reciprocity)....
Persistent link: https://www.econbiz.de/10014586873
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Private Strategies in Finitely Repeated Games with Imperfect Public Monitoring
Mailath, George J.; Matthews, Steven A.; Sekiguchi, Tadashi - In: The B.E. Journal of Theoretical Economics 2 (2002) 1
Abstract We present three examples of finitely repeated games with public monitoring that have sequential equilibria in private strategies, i.e., strategies that depend on own past actions as well as public signals. Such private sequential equilibria can have features quite unlike those of the...
Persistent link: https://www.econbiz.de/10014589010
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Reliability of Regulating Artificial Intelligence to Restrain Cartelization: A Libertarian Approach
Pedram, Matin - In: Asian Journal of Law and Economics 12 (2021) 2, pp. 149-169
Abstract Competition is building block of any successful economy, while a cartelized economy is against the common good of society. Nowadays, developing artificial intelligence (AI) and its plausibility to foster cartels persuade governments to revitalize their interference in the market and...
Persistent link: https://www.econbiz.de/10014585238
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Sticky Prices, Coordination and Enforcement
Driscoll, John C; Ito, Harumi - In: Topics in Macroeconomics 3 (2003) 1
by punishing deviators. This is formally equivalent to modeling agents as a cartel playing a punishment game. We show …
Persistent link: https://www.econbiz.de/10014588354
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Inefficiency of Collusion at English Auctions
Lopomo, Giuseppe; Marshall, Robert C.; Marx, Leslie M - In: The B.E. Journal of Theoretical Economics 5 (2005) 1
affect efficiency. In particular, any collusive mechanism that increases cartel members' expected payoffs relative to non …-cooperative play results in inefficiency either in the allocation among cartel members or in the allocation between cartel and non-cartel …
Persistent link: https://www.econbiz.de/10014589030
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Market Conduct in the U.S. Ready-to-Eat Cereal Industry
Reimer, Jeffrey J - In: Journal of Agricultural & Food Industrial Organization 2 (2004) 1
Product differentiation is well established as being the key source of the cereal industry’s high price-cost margins. However, there is little consensus as to whether pricing collusion is also a source of profitability, and indeed, whether price even serves as a strategic variable in this...
Persistent link: https://www.econbiz.de/10014601260
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Institutional will – the organized crime remedy
Mazur, Robert - In: Journal of Money Laundering Control 15 (2012) 2, pp. 162-174
Purpose – The objective of this article is to examine the criminal conduct of convicted bankers and institutions for the purpose of identifying any measurable factor that can determine the degree of risk an organization faces from the threat of organized crime. Design/methodology/approach –...
Persistent link: https://www.econbiz.de/10014886286
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Trust in Freedom or in Equality? A Comment on Bernard E. Harcourt's The Illusion of Free Markets
Brivot, Marion - In: Accounting, Economics, and Law 1 (2011) 2
“At the end of the day, the notion of a 'free market’ is a fiction. There is simply no such thing as a non-regulated market—a market that operates without legal, social and professional regulation. Those forms of regulation, including the criminal sanction, are precisely what distributes...
Persistent link: https://www.econbiz.de/10014585121
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Reforming the response to youth crime: from evidence to implementation
Smith, David J.; Utting, David - In: Journal of Children's Services 6 (2011) 2, pp. 67-76
punishment and welfare in a coherent way. It is ineffective in preventing crime and reoffending, it targets the disadvantaged and …
Persistent link: https://www.econbiz.de/10014852573
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Does punishment in secure residential youth care work? An overview of the evidence
de Valk, S.; van der Helm, G. H. P.; Beld, M.; … - In: Journal of Children’s Services 10 (2015) 1, pp. 3-16
young people have to learn to behave by means of punishment. The purpose of this paper is to investigate whether this … punishment when dealing with violence. Design/methodology/approach – Recent evidence on the effectiveness of punishment in secure … review shows that punishment is often used to regain control by group workers or, alternatively, is a result of professional …
Persistent link: https://www.econbiz.de/10014852905