Showing 1 - 10 of 2,710
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
We study communication in a two-player coordination game with Pareto-ranked equilibria. Prior research demonstrates … that efficient coordination is difficult without communication but obtains regularly with (mandatory) costless pre …-play messages. In a laboratory experiment, we modify communication by making the sending of messages optional and costly. Even small …
Persistent link: https://www.econbiz.de/10011282459
coordination is difficult without a communication option but obtains regularly with mandatory costless pre-play messages. We find … coordination can occur with similar frequency as under costless communication. These findings can be accounted for by …
Persistent link: https://www.econbiz.de/10011522458
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
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
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
Persistent link: https://www.econbiz.de/10012503134
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
-registered replication, reveals strong positive associations between group cohesion and performance assessed in weak-link coordination games …
Persistent link: https://www.econbiz.de/10014480559
insight that social preferences transform social dilemmas into coordination problems with the logic of forward induction. As a … first, low-cost pass at empirical evaluation, we conduct an experiment among farmers in the Ethiopian highlands, a region …
Persistent link: https://www.econbiz.de/10010398606