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348 J. P. Langlois and C. C. Langlois treaty value than trigger type schemes, as well as credible deterrence, to signatories engaged in a Prisoner's Dilemma game. We conclude that, in the design of sanctioning schemes, redress for the injured party is better than punishment by defection.doi:10.1080/03050620701681809 fatcat:6phbj2vc4fcplhkyrodhpxwyoq