Showing 1 - 10 of 3,057
, we investigate dynamic coordination within a problem-solving team where team members can not communicate. Each team …'s coordination problem by synchronizing the team's search efforts. These organizational routine equilibria are resilient to changes …
Persistent link: https://www.econbiz.de/10012865313
difficult coordination problems. We develop a model and run simulations to analyze how costly communication affects team … coordination and output efficiency. We show that absent any organizational routines to structure team communication the least … several communication routines that improve team coordination and organizational efficiency. Our model and simulation results …
Persistent link: https://www.econbiz.de/10013208672
Can prior voluntary redistribution improve coordination? We theoretically show that distributive preferences, forward … coordination, and why, we also run experiments with no redistribution and forced redistribution. Our results show that the … redistribution option does indeed significantly increase coordination. Disentangling the reasons why, we find that behaviour is most …
Persistent link: https://www.econbiz.de/10012942928
This paper analyzes how institutions aimed at coordinating economic interactions may appear. We build a model in which agents play a prisoners’ dilemma game in a hypothetical state of nature. Agents can delegate the task of enforcing cooperation in interactions to one of them in exchange for a...
Persistent link: https://www.econbiz.de/10005750746
players but not for others, and players can be aware of this heterogeneity. This paper theoretically explores how coordination … number of players and available strategies matter for coordination. The model is compared with alternative equilibrium …
Persistent link: https://www.econbiz.de/10005600508
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
We introduce strategic waiting in a global game setting with irreversible investment. Players can wait in order to make a better informed decision. We allow for cohort effects and discuss when they arise endogenously in technology adoption problems with positive contemporaneous network effects....
Persistent link: https://www.econbiz.de/10010278150
This paper shows that asynchronicity of moves can lead to a unique prediction in coordination games, in an infinite …. We provide extensions to the unique selection results to all subgame perfect Nash equilibria, and to coordination games …
Persistent link: https://www.econbiz.de/10010510706
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 … risk-dominance play a crucial role in the long-run behavior of the system. -- coordination ; networks ; risk …
Persistent link: https://www.econbiz.de/10009735339
We consider a co-evolutionary model of social coordination and network formation where agents may decide on an action … in a 2x2 - coordination game and on whom to establish costly links to. We find that a payoff dominant convention is …
Persistent link: https://www.econbiz.de/10010341151