When and how the punishment must fit the crime


Mailath, George J. ; Nocke, Volker ; White, Lucy


[img]
Preview
PDF
Mailath,_Nocke,_White15-04.pdf - Published

Download (196kB)

URL: https://madoc.bib.uni-mannheim.de/37483
URN: urn:nbn:de:bsz:180-madoc-374834
Document Type: Working paper
Year of publication: 2015
The title of a journal, publication series: Working Paper Series
Volume: 15-04
Place of publication: Mannheim
Publication language: English
Institution: School of Law and Economics > VWL, Mikroökonomik (Nocke)
MADOC publication series: Department of Economics > Working Paper Series
Subject: 330 Economics
Classification: JEL: C70 , C72 , C73,
Keywords (English): Simple Penal Code , Subgame Perfect Equilibrium , Repeated Extensive Game , Optimal Punishment
Abstract: In repeated normal-form (simultaneous-move) games, simple penal codes (Abreu,1986, 1988) permit an elegant characterization of the set of subgame-perfect outcomes. We show that the logic of simple penal codes fails in repeated extensive-form games. By means of examples, we identify two types of settings in which a subgame-perfect outcome may be supported only by a profile with the property that the continuation play after a deviation is tailored not only to the identity of the deviator, but also to the nature of the deviation.

Dieser Eintrag ist Teil der Universitätsbibliographie.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




+ Citation Example and Export

Mailath, George J. ; Nocke, Volker ORCID: 0000-0002-5000-6828 ; White, Lucy (2015) When and how the punishment must fit the crime. Open Access Working Paper Series Mannheim 15-04 [Working paper]
[img]
Preview


+ Search Authors in

BASE: Mailath, George J. ; Nocke, Volker ; White, Lucy

Google Scholar: Mailath, George J. ; Nocke, Volker ; White, Lucy

ORCID: Mailath, George J. ; Nocke, Volker ORCID: 0000-0002-5000-6828 ; White, Lucy

+ Download Statistics

Downloads per month over past year

View more statistics



You have found an error? Please let us know about your desired correction here: E-Mail


Actions (login required)

Show item Show item