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Persistent link: https://www.econbiz.de/10008649315
Delinquents are embedded in a network of relationships. Each delinquent decides in a non-cooperative way how much delinquency effort he will exert. We characterize the Nash equilibrium and derive an optimal enforcement policy, called the key-player policy. We then extend our characterization of...
Persistent link: https://www.econbiz.de/10008539879