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, using rules and task guidelines, and ex post coordination, using communication and broad job assignments. It shows that: (i …This paper endogenizes coordination problems in organizations by allowing for both ex ante coordination of activities … coordination. In particular, specialization is often non-monotonic in the importance of coordination. (ii) Organizations exhibit …
Persistent link: https://www.econbiz.de/10005497860
-unit managers’ authority. Realizing synergies then involves a tradeoff between motivation and coordination. Motivating managers …
Persistent link: https://www.econbiz.de/10005114409
What is common to the following situations: incentivizing collective action in the presence of social preferences, monopoly pricing when consumers are loss averse, arms races when players are privately informed of their armament costs? We present a simple formalism, called X-games, which unifies...
Persistent link: https://www.econbiz.de/10011084519
. Examples include market entry games, coordination games, and the bar-room game depicted in the movie 'A Beautiful Mind'. The …
Persistent link: https://www.econbiz.de/10005662078
We introduce strategic waiting in a global game setting with irreversible investment. Players can wait in order to make a better informed decision. We allow for cohort effects and discuss when they arise endogenously in technology adoption problems with positive contemporaneous network effects....
Persistent link: https://www.econbiz.de/10005666707
We present an economic experiment on network formation, in which subjects can decide to form links to one another. Direct links are costly but being connected is valuable. The game-theoretic basis for our experiment is the model of Bala and Goyal (2000). They distinguish between two scenarios...
Persistent link: https://www.econbiz.de/10005792485
play in networks is to some extent boundedly rational, in the sense that coordination is influenced by local and individual …
Persistent link: https://www.econbiz.de/10005136539
This paper studies the stability of coordination between mission-driven non-governmental organizations (NGOs) competing … coordination under two classes of alliance-formation rules: unanimity and aggregative. If fundraising activities are strategic … complements, the grandcoalition (i.e. full coordination) is always individually stable and, under the unanimity rule …
Persistent link: https://www.econbiz.de/10008784769
We use experiments to analyze what type of communication is most effective in achieving cooperation in a simple … collusion game. Consistent with the existing literature on communication and collusion, even minimal communication leads to a … strategies, this initial burst of collusion rapidly collapses. When unlimited pre-game communication is allowed via a chat window …
Persistent link: https://www.econbiz.de/10008558586
The swiftness and devastating impact of recent financial crises have taken many market participants by surprise and pose challenges for economists seeking a theory of the onset of a crisis. We propose such a theory based on two features. The actions of diverse economic actors which undermine the...
Persistent link: https://www.econbiz.de/10005661792