Showing 1 - 10 of 141
Common knowledge plays an important role in coordination problems and coordination problems are central to many areas … communication in coordinating behaviour. …
Persistent link: https://www.econbiz.de/10005762856
interest to do so, and when coordination does not require communication. It is shown that multiple asymmetric networks can …
Persistent link: https://www.econbiz.de/10005093925
The electronic mail game of Rubinstein (1989) showed that a lack of common knowledge generated by faulty communication …
Persistent link: https://www.econbiz.de/10004990808
The electronic mail game of Rubinstein (1989) showed that a lack of common knowledge generated by faulty communication … communication can make coordinated action impossible. This paper shows how this conclusion is robust to having a more realistic …
Persistent link: https://www.econbiz.de/10005093939
Some private-monitoring games, that is, games with no public histories, can have histories that are almost public. These games are the natural result of perturbing public-monitoring games towards private monitoring. We explore the extent to which it is possible to coordinate continuation play in...
Persistent link: https://www.econbiz.de/10005593480
Some private-monitoring games, that is, games with no public histories, can have histories that are almost public. These games are the natural result of perturbing public-monitoring games towards private monitoring. We explore the extent to which it is possible to coordinate continuation play in...
Persistent link: https://www.econbiz.de/10005762684
equilibrium, allowing analysis of a number of economic models of coordination failure. For symmetric binary action global games …
Persistent link: https://www.econbiz.de/10005762807
We consider truthful implementation of the socially efficient allocation in a dynamic private value environment in which agents receive private information over time. We propose a suitable generalization of the Vickrey-Clarke-Groves mechanism, based on the marginal contribution of each agent. In...
Persistent link: https://www.econbiz.de/10005463896
We consider truthful implementation of the socially efficient allocation in an independent private-value environment in which agents receive private information over time. We propose a suitable generalization of the pivot mechanism, based on the marginal contribution of each agent. In the...
Persistent link: https://www.econbiz.de/10005463962
of possible valuations. The menu is limited to offering a finite number of choices representing a finite communication …
Persistent link: https://www.econbiz.de/10011124281