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classic coordination problem exists. Using a well-established paradigm, we examine how a common cognitive state (insufficient … sleep) impacts coordination outcomes. Our data indicate that insufficient sleep increases coordination failure costs, which …
Persistent link: https://www.econbiz.de/10012213883
This paper studies the effect of endogenous group formation on the outcome in two types of coordination games with … more groups within which they want to play the coordination game. In the theoretical part we show that a simple myopic best … reply dynamics under endogenous group formation leads to the payoff dominant outcome in both types of coordination games …
Persistent link: https://www.econbiz.de/10002881644
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 …
Persistent link: https://www.econbiz.de/10010502689
Pareto-superior outcomes in classic weak-link coordination games. We show that effects of cohesion are economically large …
Persistent link: https://www.econbiz.de/10011670948
In this paper, we describe a series of laboratory experiments that implement specific examples of a more general network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic complements, and participants have either complete or...
Persistent link: https://www.econbiz.de/10010344833
interaction effects. We conduct an experiment that avoids the identification problem present in the field. Our novel design …
Persistent link: https://www.econbiz.de/10002482525
We analyze how different previous roles as partners or strangers in public good games affect an individual's subsequent cooperation in a partner setting. We systematically vary a group's composition from all individuals being partner over blended groups of partners and strangers to all...
Persistent link: https://www.econbiz.de/10011484596
Many decisions taken in legislatures or committees are subject to lobbying efforts. A seminal contribution to the literature on vote-buying is the legislative lobbying model pioneered by Groseclose and Snyder (1996), which predicts that lobbies will optimally form supermajorities in many cases....
Persistent link: https://www.econbiz.de/10012035706
, including those where institutions govern only a subset of players. The experiment confirms that institutions are formed …
Persistent link: https://www.econbiz.de/10003467015
Despite recent advances, no general methods for computing bargaining power in non-cooperative games exist. We propose a number of axioms such a measure should satisfy and show that they characterise a unique function. The principle underlying this measure is that the influence of a player can be...
Persistent link: https://www.econbiz.de/10014492228