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) experiments on tacit coordination. Section 1 introduces the concept of focal point equilibrium selection in tacit one …-shot symmetric pure coordination games, as presented by Schelling in his classic article; it then traces its subsequent exploration … design of the intercultural tacit coordination experiment, and section 3 the results. Finally, section 4 presents a very …
Persistent link: https://www.econbiz.de/10008550571
This paper examines game theoretic models of coordination conventions. Firstly, the paper shows that static models of … coordination cannot explain the emergence of coordination conventions. The best interpretation of these models is that they study … the conditions under which coordination is possible. The examination of these conditions suggests that history and …
Persistent link: https://www.econbiz.de/10005616791
This paper studies models where the optimal response functions under consideration are non-increasing in endogenous variables, and weakly increasing in exogenous parameters. Such models include games with strategic substitutes, and include cases where additionally, some variables may be...
Persistent link: https://www.econbiz.de/10012824357
This paper constructs an overlapping generations model with a frictional labor market to explain persistent low education in developing countries. When parents are uneducated, their children often face difficulties in finishing school and therefore are likely to remain uneducated. Moreover, if...
Persistent link: https://www.econbiz.de/10005835472
coordination failures has overemphasized the significance of market failure. It argues that coordination is possible and profitable …
Persistent link: https://www.econbiz.de/10005835642
his theory of clusters. This paper intends to provide a refutation of the idea that coordination failures as manifested in … Rodriguez-Clare thesis as an example of this approach and criticizes the claim that coordination externalities prevent the …
Persistent link: https://www.econbiz.de/10005622002
contracts with the incumbent. When discrimination is impossible, the game resembles a stag-hunt (coordination) game in which the …
Persistent link: https://www.econbiz.de/10005835746
We address the challenge of designing performance-based incentive schemes for schoolteachers. When teachers specialize in different subjects in the presence of social prejudice, performance based pay which depends on the average of student performance can cause teachers to coordinate their...
Persistent link: https://www.econbiz.de/10008514894
The paper studies an evolutionary model where players from a given population are randomly matched in pairs each period to play a co- ordination game. At each instant, a player can choose to adopt one of the two possible behavior rules, called the rational rule and the as- piring rule, and then...
Persistent link: https://www.econbiz.de/10005619660
: what is the optimal level of coordination (optimal policy/technology choice)? The second-stage decision is: what is the …
Persistent link: https://www.econbiz.de/10005621651