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egocentric instead. Our results contribute to the understanding of coordination dynamics resting on heterogeneity and co …
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Players adaptively learn how to bargain. A characteristic function describes the available surplus. The underlying bargaining game extends the Nash demand game by allowing subcoalitions to reach an agreement. Players' demands must be multiples of a money unit. We show that stochastically stable...
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Global games of regime change – coordination games of incomplete information in which a status quo is abandoned once a … ; coordination ; multiple equilibria ; information dynamics ; crises …
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