The problem of coordination failure, particularly in 'team production' situations, is central to a large number of … mircroeconomic as well as macroeconomic models. As this type of inefficient coordination poses a severe economic problem, there is a … need for institutions that foster efficient coordination of individual economic plans. In this paper, we introduce such a …

against market risk. A coordination problem is also created, interfering with the ability of the system to converge on the …

: coordination failures, ineffective mix of occupational choices, insufficient human capital accumulation, and politico …

The model of 2 x 2 coordination games in Kandori, Mailath, and Rob (Econometrica 1993) is extended to allow for a …

which contains a pure coordination game such that every Perfect equilibrium of every game in the neighborhood approximates … to an arbitrary degree the unique Pareto dominant payoff of the pure coordination game. …

We report the results of an experiment on a continuous version of the minimum effort coordination game. The … increases coordination relative to a secure treatment where the payoff-dominant equilibrium strategy weakly dominates all other …

The paper discusses coordination games with remote players that have access to an entangled quantum state. It shows … for improving coordination of actions. A necessary condition is provided that helps to determine when an entangled quantum … state can be useful for improving coordination. …