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egocentric instead. Our results contribute to the understanding of coordination dynamics resting on heterogeneity and co …
Persistent link: https://www.econbiz.de/10011734522
diminishes creditor coordination failure whenever the firm is expected to be in distress. -- global games ; creditor coordination …
Persistent link: https://www.econbiz.de/10003636509
Global games of regime change – coordination games of incomplete information in which a status quo is abandoned once a … ; coordination ; multiple equilibria ; information dynamics ; crises …
Persistent link: https://www.econbiz.de/10008665284
Tuning one's shower in some hotels may turn into a challenging coordination game with imperfect information. The …. -- coordination ; heterogeneity ; adaptive learning ; non-linear system ; feedback …
Persistent link: https://www.econbiz.de/10003612880
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This paper studies how external incentives can help agents to coordinate in summary-statistic games. Agents follow a myopic best-reply rule and face a trade-off between efficiency and strategic uncertainty. A principal can help agents to coordinate on the Pareto optimal equilibrium by monitoring...
Persistent link: https://www.econbiz.de/10010193864
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We consider a co-evolutionary model of social coordination and network formation where agents may decide on an action … in a 2x2 - coordination game and on whom to establish costly links to. We find that a payoff dominant convention is …
Persistent link: https://www.econbiz.de/10010341151
In a coordination game such as the Battle of the Sexes, agents can condition their plays on external signals that can … are rare. Thus, even in a world of simple learning agents, coordination behavior can take on some surprising forms. …
Persistent link: https://www.econbiz.de/10011515836