A note on collusion sustainability with optimal punishments and detection lags

  1. Ciarreta Antuñano, Aitor
  2. Gutiérrez Hita, Carlos
Revista:
DFAE-II WP Series

ISSN: 1988-088X

Año de publicación: 2008

Número: 8

Tipo: Documento de Trabajo

Otras publicaciones en: DFAE-II WP Series

Resumen

In this note we characterize optimal punishments with detection lags when the market consists of n oligopolistic .rms. We extend a previous note by Colombo and Labrecciosa (2006) [Colombo, L., and Labrecciosa, P., 2006. Optimal punishments with detection lags. Economic Letters 92, 198-201] to show how in the presence of detection lags optimal punish- ments fail to restore cooperation also in markets with a low number of .rms.