Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062442 | Economics Letters | 2006 | 4 Pages |
Abstract
In this note we characterize optimal two-phase punishments in the presence of an n period detection lag, i.e. when cheating on an implicit agreement can be kept secret for a certain time period. Two simple applications are also provided.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Luca Colombo, Paola Labrecciosa,