Showing 1 - 10 of 12,828
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
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
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
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
This paper analyzes the compatibility decision of a dominant hardware supplier. There are two substitutive variants of the hardware component of a hardware-software system, they are horizontally differentiated, and one of the two has a quality advantage. Among other things, we show under what...
Persistent link: https://www.econbiz.de/10010435574
common standard of data structures. Since establishing a standard at a system element incurs standardization costs, a … standard. In a recent paper, it is claimed that this so-called standardization problem is an NP-hard optimization problem. We … will demonstrate that this is not true, but in fact the standardization problem can be solved in polynomial time by solving …
Persistent link: https://www.econbiz.de/10011558768
what kind of formats are in place related to coordination and networking of border regions within national settings. The …, namely centralist, decentral and selective coordination as well as transnational and laisser-faire approaches. On this basis … spielt. Es stellt sich die Frage, welche Formate der Koordination und Vernetzung von Grenzregionen im nationalen Rahmen …
Persistent link: https://www.econbiz.de/10014340635
Environmental policy provides one of the oldest and most puzzling cases of policy coordination in the European Union … settings has, however, mostly been ignored. This paper analyses the administrative coordination mechanisms at the micro … objective. Using different theories of coordination, this paper concludes that all three have relied too heavily on setting long …
Persistent link: https://www.econbiz.de/10010319012
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
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 … efficiency. This suggests that decentralized monetary sanctions can play a major role as a coordination device in Pareto …
Persistent link: https://www.econbiz.de/10010291833