Berninghaus, Siegfried; Güth, Werner; Kliemt, Hartmut - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004
In this paper we consider conventions as regularities in behavior which help to solve coordinationproblems in a society. These problems can be formalized as non-cooperative games with severalequilibria. We know that in such situations serious problems of equilibrium selection arise whichcannot...