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This paper studies the effect of social relations on convergence to the efficient equilibrium in 2×2 coordination games …
Persistent link: https://www.econbiz.de/10010988965
coordination problem is amplified even further when the number of commuters is large. We find that, similar to other binary choice …
Persistent link: https://www.econbiz.de/10010988986
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...
Persistent link: https://www.econbiz.de/10005711626
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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 …
Persistent link: https://www.econbiz.de/10005711662
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We study a class of single-server queueing systems with a finite population size, FIFO queue discipline, and no balking or reneging. In contrast to the predominant assumptions of queueing theory of exogenously determined arrivals and steady state behavior, we investigate queueing systems with...</emphasis>
Persistent link: https://www.econbiz.de/10005711705