Witryna13 lis 2011 · In a perfect monitoring environment increasing the severity of the potential punishment monotonically increases both contributions and the average net payoffs of subjects. In a more realistic imperfect monitoring environment, we find a U-shaped relationship between the severity of punishment and average net payoffs. Access… WitrynaJSTOR Home
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WitrynaIn a repeated partnership game with imperfect monitoring, we distinguish among the effects of (1) reducing the interest rate, (2) shortening the period over which actions are held fixed, and (3) shortening the lag with which accumulated information is reported. All three changes are equivalent in games with perfect monitoring. With imperfect ... Witrynaenvironment knowledge. Even with a perfect monitor, dy-namic adjustments may still be required to account for sys-tem changes such as ageing and damage. Therefore, what to do if the monitors are imperfect? This paper proposes an ap-proach for estimating the undetected states of imperfect mon-itors in conjunction with deep Q-learning. A new … california golden seals documentary
EconPapers: Optimal Cartel Equilibria with Imperfect Monitoring
WitrynaWe do not require that monitoring be either almost perfect or almost public. Hence, the present paper can be regarded as one of the first works to pro-vide affirmative answers to the possibility of implicit collusion with discounting when monitoring is truly imperfect, truly private, and truly conditionally inde-pendent.4'5 Witryna1 wrz 2024 · We develop a general model of a simple imperfect monitoring setting to analyse how market transparency affects collusion when price wars occur in equilibrium. We show that, despite minimal structure… Expand View 3 excerpts, cites methods Collusion, Firm Numbers and Asymmetries Revisited Luke Garrod, M. Olczak … Witryna4 wrz 2006 · Abstract We present a repeated prisoners’ dilemma game with imperfect public monitoring, which exhibits the following paradoxical feature: the (limit) equilibrium payoff set achieves full efficiency asymptotically as the public signal becomes insensitive to the hidden actions of the players. california goldfield distribution