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Learning from the experiments of others simultaneous search, coordination in R&D and diffusion processes: Laboratory evidence
Große, Niels Daniel; Kirchkamp, Oliver - 2009
benefit from coordination (or centralization) of search activities. We test the conjecture that agents gain from coordination … with a between-subject design in two treatments. In the experiments we find no gains from coordination. Instead, we find …
Persistent link: https://www.econbiz.de/10010274056
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Taking a shower in Youth Hostels: risks and delights of heterogeneity
Matzke, Christina; Challet, Damien - 2008
Tuning one's shower in some hotels may turn into a challenging coordination game with imperfect information. The …
Persistent link: https://www.econbiz.de/10010264912
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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
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Leadership in a weak-link game
Gillet, Joris; Cartwright, Edward; Van Vugt, Mark - 2009
coordination game with multiple Pareto-ranked Nash equilibria. Because the more efficient equilibria involve a degree of strategic … results suggest that leadership does indeed increase coordination and efficiency. In particular, with leadership we typically …
Persistent link: https://www.econbiz.de/10010277810
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Coordination in Evolving Networks with Endogenous Decay
Feri, Francesco; Meléndez-Jiménez, Miguel A. - 2009
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 the issues of coordination (long-run equilibrium selection) and network …
Persistent link: https://www.econbiz.de/10010294802
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Network Markets and Consumer Coordination
Ambrus, Attila; Argenziano, Rossella - 2004
coordinate their choices when it is in their interest, if coordination does not require communication. It is shown that multiple …
Persistent link: https://www.econbiz.de/10010494335
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Why are Trade Agreements Regional?
Zissimos, Ben - 2007
familiar problem of coordination failure arises giving rise to multiple equilibria; any one of many possible trade agreements …
Persistent link: https://www.econbiz.de/10010312565
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Essays in bounded rationality and strategic interaction
Øvlisen, Frederik Roose - 2009
Persistent link: https://www.econbiz.de/10012503134
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On the research value of large games : natural experiments in Norrath and Camelot
Castronova, Edward - 2005
examines two examples, both of which involve the theory of coordination games: 1) the location of markets inside EverQuest, and … 2) the selection of battlefields inside Dark Age of Camelot. Coordination game theory is quite important to a number of …
Persistent link: https://www.econbiz.de/10010261387
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Measuring "group cohesion" to reveal the power of social relationships in team production
Gächter, Simon; Starmer, Chris; Tufano, Fabio - 2022
-registered replication, reveals strong positive associations between group cohesion and performance assessed in weak-link coordination games …
Persistent link: https://www.econbiz.de/10014480559