This paper proposes a new communication protocol in coordination games with binary actions and Pareto-ranked equilibria, which comes from an option to delay. In the first period, players choose between committing to the risk-dominant (safe) action in the game or delaying their choices until a...

The level-k literature classifies subjects into different Lk types by their observed levels of reasoning in games. However, it remains unclear whether the observed level-k behavior is determined by belief or reasoning ability. This study proposes a strategy to identify the ability-bounded Lk...

Since the subsidizing agricultural machine purchase was launched in 2004, the agriculture equipment industry in Chongqing has progressed by leaps and bounds, but it is still faced with a few urgent problems, which requires the coordination of stakeholders, with an aim to establish a clear...