payoffs, with common and private components, and about their own exposure to an aggregate risk factor, and derive conditions …

We experimentally study decision-making in a novel dynamic coordination game. The game captures features of a … network has higher payoffs, but the transition is slow and costly. Coordination is required to implement the transition while …

private provision of public goods. We examine whether reciprocity can resolve the associated coordination problem. The …

equilibrium into a coordination game with a set of Pareto-superior equilibria. Thresholds may therefore improve efficiency in the … voluntary provision of public goods. In our one-shot experiment, we find that coordination often fails and exogenously imposed …, because voting may facilitate coordination due to signaling and commitment effects. We find that voting does have signaling …

We propose a theory of tax centralization and inter governmental grants in politico-economic equilibrium. The cost of …

provision of public goods and with it the welfare of all countries can be enhanced via tax coordination. Based on the standard … Zodrow-Mieszkowski-Wilson tax-competition model this paper analyses the conditions under which tax coordination by a group of …