This paper studies a coordination game with incomplete information and the option to delay. The delay option enables … good news, and consequently induce more coordination. Relying on this trade-off, we find the unique monotone equilibrium …, which features the inability of the delay option in facilitating coordination. If the waiting period is sufficiently short …

diminishes creditor coordination failure whenever the firm is expected to be in distress. -- global games ; creditor coordination …

This paper studies the interaction between coordination and social learning in a dynamic regime change game. Social … learning provides public information, to which players overreact due to the coordination motive. Coordination affects the … herding disappears, and thus coordination is almost surely successful …

Tuning one's shower in some hotels may turn into a challenging coordination game with imperfect information. The …. -- coordination ; heterogeneity ; adaptive learning ; non-linear system ; feedback …

In a coordination game such as the Battle of the Sexes, agents can condition their plays on external signals that can … are rare. Thus, even in a world of simple learning agents, coordination behavior can take on some surprising forms. …

feedback (strategic complementarity) - where optimistic (pessimistic) expectations can cause a boom (bust) - coordination … by coordination on trend-following behavior leading to (almost-)self-fulfilling equilibria. Heterogeneous expectations … implications of this coordination failure on the perfectly rational aggregate outcome and how policy can help to manage the self …

other parameterizations. For example, we show that in coordination games EWA may only converge to the Pareto …