We study the impact of communication on behavior in a two-stage coordination game with asymmetric payoffs. We test … sustain coordination over time and alleviate the inequality induced by the asymmetry of payoffs. Third, communication …

of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment …

than the marginal benefit for the community. This result stresses one source of coordination failure within the EMU. …

size to set up a quasi-experiment and data from the French labor force survey, we show that the law constrained the choice …

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 gametheoretic basis for our experiment is the model of Bala and … Goyal (2000). They distinguish between two scenarios regarding the flow of benefits through a network, the so-called 1-way …

We develop a theory of firm scope in which integrating two firms into one facilitates the allocation of resources, but … leads to weaker incentives for effort, compared with nonintegration. Our theory makes minimal assumptions about the … integration or non-integration is optimal. Our theory thus provides a simple answer to Williamson's “selective …