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by airlines. In this context, carriers adopt hubbing strategies when costs are sufficiently low, and asymmetric …
Persistent link: https://www.econbiz.de/10005823991
with symmetric costs. The overall pattern of coordination improvement is common across treatments. Early coordination … out of a situation of coordination failure. We focus on the connections between cost asymmetries and leadership … improvements depend on the distribution of high and low effort costs across subjects, but these differences disappear with time. We …
Persistent link: https://www.econbiz.de/10005572147
phase, the benefits of coordination are low relative to the cost of increased effort. Play in this initial phase typically … the benefits of coordination leads to improved coordination, but, surprisingly, large increases have no more impact than …
Persistent link: https://www.econbiz.de/10005582728
managerial intervention subjects invariably slip into coordination failure. To overcome a history of coordination failure …
Persistent link: https://www.econbiz.de/10005168429
either start with low financial incentives for coordination, which typically leads to coordination failure, and then are … switched to higher incentives or start with high incentives, which typically yield effective coordination, and are switched to …
Persistent link: https://www.econbiz.de/10005168457
Persistent link: https://www.econbiz.de/10005823875
This paper studies the incentives of short-lived agents to acquire costly private information in the presence of public signals arising from market interaction. It characterizes the social learning process, that is the revelation of information by public signals, and the information...
Persistent link: https://www.econbiz.de/10005823911
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