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Punishment fosters efficiency in the minimum effort coordination game

Le Lec, Fabrice; Matthey, Astrid; Rydval, Ondérej - 2012

Using a laboratory experiment, we examine whether informal monetary sanctions can lead to better coordination in a repeated minimum effort coordination game. While most groups first experience inefficient coordination, the efficiency increases substantially after introducing an ex post...

Persistent link: https://www.econbiz.de/10010291833

Network formation with endogenous decay

Feri, Francesco - 2007

This paper considers a model of economic network characterized by an endogenous architecture and frictions in the relations among agents as described in Bala and Goyal (2000). We propose a similar network model with the difference that frictions in the relations among agents are endogenous....

Persistent link: https://www.econbiz.de/10010293402

Coordination in Evolving Networks with Endogenous Decay

Feri, Francesco; Meléndez-Jiménez, Miguel A. - 2009

This paper studies an evolutionary model of network formation with endogenous decay, in which agents benefit both from direct and indirect connections. In addition to forming (costly) links, agents choose actions for a coordination game that determines the level of decay of each link. We address...

Persistent link: https://www.econbiz.de/10010294802

Foundations and Perspectives of Trade Union Wage Policy in Europe

Schulten, Thorsten - 2004

Considering the degree of political and economic integration in Europe, trade unions can no longer stick to purely national strategies. Since the 1980s the key political projects of European integration have played a major role to force the neoliberal reorganisation of European capitalism...

Persistent link: https://www.econbiz.de/10010296103

Creditor coordination with social learning and endogenous timing of credit decisions

Schüle, Tobias - 2006

In case of multiple source lending even solvent firms may be forced into bankruptcy due to uncoordinated credit withdrawals of their lenders. This paper analyzes whether a debtor firm can thwart such inefficient liquidations by offering creditors the option to delay their foreclosure decision...

Persistent link: https://www.econbiz.de/10010301793

Signalling effects of a large player in a global game of creditor coordination

Schüle, Tobias; Stadler, Manfred - 2005

In case of multiple creditors a coordination problem can arise when the borrowingfirm runs into financial distress. Even if the project's value at maturity is enoughto pay all creditors in full, some creditors may be tempted to foreclose on theirloans. We develop a model of creditor coordination...

Persistent link: https://www.econbiz.de/10010301815

Koordination in VN-Friedensmissionen: Eine theoriegeleitete Herangehensweise

Herrhausen, Anna - 2007

Die Koordination zwischen verschiedenen Einheiten des Systems der Vereinten Nationen (VN) hat in den letzten Jahren … bewältigen. Trotzdem haben die Bemühungen der letzten Jahre hin zu mehr Koordination und Integration bisher nicht die erhofften … Ergebnisse gezeigt. Dieses Papier möchte zur aktuellen Debatte beisteuern ; indem es zuerst das Thema „Koordination“ von einem …

Persistent link: https://www.econbiz.de/10010306408

Auctions as Coordination Devices

Janssen, Maarten C.W. - 2004

This paper develops an economic argument relating auctions to high market prices. At the core of the argument is the claim that market competition and bidding in an auction should be analyzed as part of one game, where the pricing strategies in the market subgame depend on the bidding strategies...

Persistent link: https://www.econbiz.de/10011324890

Flexible Koordination: Instrumentarium erfolgreicher Beschäftigungspolitik aus internationaler Perspektive

Schmid, Günther - In: Mitteilungen aus der Arbeitsmarkt- und Berufsforschung 25 (1992) 3, pp. 232-251

Persistent link: https://www.econbiz.de/10011387223

Are the Treasures of Game Theory Ambiguous?

Eichberger, Jürgen; Kelsey, David - 2008

Goeree & Holt (2001) observe that, for some parameter values, Nash equilibrium provides good predictions for actual behaviour in experiments. For other payoff parameters, however, actual behaviour deviates consistently from that predicted by Nash equilibria. They attribute the robust deviations...

Persistent link: https://www.econbiz.de/10011422175