A sequential equilibrium model of private antitrust enforcement is presented. Consumers have incomplete information about cartel costs and cannot accurately estimate a priori the damage recovery from ...

Abstract: Closed-loop equilibrium solutions in generalized dynamic decision problems with uncertainty are difficult to obtain. In cases where the order of the various decisions has a sequential ...

ABSTRACT: I tried to present a new method to prevent collusion through employing two auditors at the same time and inspiring them provide true report by exploiting their prisoner’s dilemma. But I ...

The Journal of Finance, Vol. 40, No. 3, Papers and Proceedings of the Forty-Third Annual Meeting American Finance Association, Dallas, Texas, December 28-30, 1984 (Jul., 1985), pp. 878-880 (3 pages) ...

Should a firm begin its production even before its new product is approved? In a competitive market with time-sensitive consumers, a firm may choose to adopt the “concurrent process” by conducting the ...

Green, Jerry R. "Temporary General Equilibrium in a Sequential Trading Model with Spot and Futures Transactions." Econometrica 41, no. 6 (November 1973): 1103–1123.