’ behavior mostly converges to collectively inefficient outcome. However, in the field, interaction neighborhoods often can be … coordination. In a fixed interaction treatment, a vast majority of subjects quickly coordinates on the inefficient outcome. In a … treatment with neighborhood choice, the outcome is dramatically different: behavior quickly converges to the socially desirable …

higher payoffs in the game when the talk is one-way as the truthful reports facilitate desired coordination. …

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

We propose and experimentally test a theory of strategic behavior in which players are cognitively imprecise and … perceive a fundamental parameter with noise. We focus on 2 x 2 coordination games, which generate multiple equilibria when … players use a simple cutoff strategy. The model further predicts that behavior is context-dependent: players implement the …

evaluation is also justified in a Cournot-oligopoly with free but costly entry. If input markets are competitive and output per … firm declines with the number of firms (business stealing), there is excessive entry into such oligopoly. If trade unions …

entry oligopoly, buyer surplus is U-shaped. If buyer surplus in the external market is low, local surplus is better provided … by local oligopoly, but moves against external surplus; if it is high, local and external surplus co-move, and local …