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This paper studies the effect of social relations on convergence to the efficient equilibrium in 2×2 coordination games …
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coordination problem is amplified even further when the number of commuters is large. We find that, similar to other binary choice …
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Coordination problems are ubiquitous in social and economic life. Political mass demonstrations, the decision whether … all characterized by coordination problems. Furthermore, all these events have a dynamic nature which has been largely …
Persistent link: https://www.econbiz.de/10010866261
We focus on a class of market entry games in which a newly emergent market opportunity may be fruitfully exploited by no more than a commonly known, exogenously determined number of firms. Our results show significant effects of the parameters manipulated in the study, namely, the market...
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Motivated by problems of coordination failure in organizations, we examine how overcoming coordination failure and … maintaining coordination depend on the ability of individuals to observe others’ choices. Subjects’ payoffs depend on … financial incentives for coordination, which typically leads to coordination failure, and then are switched to higher incentives …
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