Showing 1 - 10 of 12,769
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
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
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
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
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
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
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
coordination from a theoretical perspective. Informed by organization theory ; a framework for interorganizational coordination is …Coordination between different United Nations (UN) departments, funds, agencies, and programmes has become an issue of … interorganizational coordination and in lieu of trying to become one streamlined hierarchical organization ; the United Nations should …
Persistent link: https://www.econbiz.de/10010306408
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
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