but also for the broader world economy as the cooperative or conflicted nature of this relationship will set the tone for …

individuals. In Cologne, Germany, the Institut für Wirtschaftspolitik facilitated my summer research agenda, with special …

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 …

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 …