Imperfect Monitoring and the Free-rider Problem in Tariff Lobbying.

This paper extends the infinitely repeated tariff lobbying game of Pecorino [8] to allow for imperfect monitoring, and revisits the question of how an industry's ability to maintain a cooperative outcome is affected by the number of firms in the industry. The paper demonstrated that Pecorino [8] finding that there is nothing in the underlying structure of payouts which guarantees that cooperation must breakdown as the number of grows large is not robust.