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Optimal punishments with detection lags
journal contributionposted on 2006-08-01, 00:00 authored by Luca Colombo, P Labrecciosa
In this note we characterize previous termoptimalnext term two-phase previous termpunishmentsnext term in the presence of an n period previous termdetection lag,next term i.e. when cheating on an implicit agreement can be kept secret for a certain time period. Two simple applications are also provided.