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whitepaper Usually the probability is fairly small (because the risk of punishment is high enough), and therefore the risk of loss is also small. Practical security balances the cost of protection and the risk of loss, which is the cost of recovering from a...
[31 May 2007]
whitepaper A "cooperative first best" may be supported in a repeated game by a "minimum punishment strategy" but breaks down as the probability of insolvency rises. A game between the IMF a country and atomistic private investors is motivated by recent crises...
[19 Jul 2005]
whitepaper This paper considers an alternative benchmark equilibrium in which coordination must be enforced by threat of punishment of the deviators. Price-setting models with monopolistic competition and costs of changing prices can exhibit coordination...
[22 Jun 2005]
whitepaper In order to effectively combat computer crime and discourage hacking activity, lawmakers and computer professionals must understand the motivation behind this activity. The hacking community is a diverse and complicated universe, comprised of...
[15 Feb 2005]
whitepaper Unfortunately, given the complex nature of the judicial process, this can be a tedious task.Confusion regarding the criminal record process comes from the extended system of checks and balances built into the law enforcement and judicial process...
[14 Aug 2003]
whitepaper Lenders can detect shirking and enforce its punishment, but only if they engage in a costly monitoring process. This paper studies theoretically and tests experimentally, the evolutionary of two-population asymmetric game, which is interpreted as a...
[14 Aug 2003]
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