Ciarreta Antuñano, Aitor; Gutiérrez Hita, Carlos - Departamento de Fundamentos del Análisis Económico … - 2008
In this note we characterize optimal punishments with detection lags when the market consists of n oligopolistic firms … with detection lags. Economic Letters 92, 198-201] to show how in the presence of detection lags optimal punish- ments fail …