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What are the incentives for governments to coordinate their policies internationally when there is model disagreement and uncertainty? We build a model where countries disagree on policy targets and how policies affect the economies, and show that uncertainty not only determines the type of...
Persistent link: https://www.econbiz.de/10012892108
Electoral reform creates new strategic coordination incentives for voters, but these effects are difficult to isolate …
Persistent link: https://www.econbiz.de/10012892283
. Policymakers have private costs of active policies and compete internationally in a yardstick competition which gives rise to a …
Persistent link: https://www.econbiz.de/10013289693
experimentally the effects of discounting differentials in infinitely repeated coordination games. In our data, differential discount … factors play two roles. First, they provide a coordination anchor: more impatient players get higher payoffs first …. Introducing even small discounting differentials reduces coordination failures significantly. Second, with pronounced discounting …
Persistent link: https://www.econbiz.de/10014348138
For reward-based crowdfunding, we introduce the strategy-proof Generalized Moulin-Shenker mechanism (GMS) and compare its performance to the prevailing All-Or-Nothing mechanism (AON). Theoretically, GMS outperforms AON in equilibrium profit and funding success. We test these predictions...
Persistent link: https://www.econbiz.de/10014241992
of immobile residents. Investment is costly: Quadratic installation and de-installation costs limit the mobility of … and effects of changes in installation costs are ambiguous …
Persistent link: https://www.econbiz.de/10013316964
contracts non-cooperatively. Our analysis reveals that the degree of coordination between principals has strong implications for …
Persistent link: https://www.econbiz.de/10010261310
choice affects coordination. In a fixed interaction treatment, a vast majority of subjects quickly coordinates on the …
Persistent link: https://www.econbiz.de/10013232410
This paper studies the effects of endogenous party formation on political platforms. It develops a model in which parties allow like-minded citizens to, first, share the cost of running in a public election and, second, coordinate on a policy platform. The paper characterizes the set of...
Persistent link: https://www.econbiz.de/10013322788
at coordinating action by followers. Two experiments using coordination games investigate whether female leaders are less …
Persistent link: https://www.econbiz.de/10013314898