higher payoffs in the game when the talk is one-way as the truthful reports facilitate desired coordination. …

talk is one-way as the truthful reports facilitate desired coordination. …

type-coordination property: it fully coordinates on the ex-post efficient pure Nash equilibrium when the players' types are … different. Type-coordination is also obtained in a partially revealing equilibrium in which only the High-type is not truthful …

In symmetric binary-choice coordination games, the global-game selection (GGS) has been proven to predict a high …

Speculative Attacks can be modelled as a coordination game with multiple equilibria if the state of the economy is …

uncertainty in the framework of a 2x2 coordination game, in which one choice leads to the same payoff regardless of the action of … the other person's play. Cheap talk is found to be effective, as there is much more coordination in both Signal treatments … coordination when messages are permitted. However, in the No Signal treatments, the round-to-round changes in choices induced by …

no equilibrium achieving full efficiency. In the experiment, we vary the proportion of naive traders by introducing … computerized players. We find that full efficiency is not achieved in the experiment with or without naive traders, and efficiency … experiment participants, and that allowing face-to-face pre-play communication increases efficiency although still not to the …