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coordination failures among depositors, the two main culprits identified in the literature. Depositors withdraw when they observe …
Persistent link: https://www.econbiz.de/10011944907
coordination failures among depositors, the two main culprits identified in the literature. Depositors withdraw when they observe …
Persistent link: https://www.econbiz.de/10011684569
This paper experimentally investigates free-riding behavior on communication cost in a coordination game and finds … strong indications of such free-riding. Firstly, the subjects wait for others to send a message when communication is costly …, which does not happen when communication is costless. Secondly, the proportion of games where no communication or one …
Persistent link: https://www.econbiz.de/10010690512
Persistent link: https://www.econbiz.de/10010417760
The theory of money typically ignores the fact that the mode of market interaction arises endogenously, and simply assumes a decentralized, bilateral exchange process. However, endogenizing the organization of trade is critical for understanding the conditions that lend themselves to the...
Persistent link: https://www.econbiz.de/10011785708
cooperation and coordination within teams. Using artificial agents, different social contests are created, as training …
Persistent link: https://www.econbiz.de/10005407620
The theory of money typically ignores the fact that the mode of market interaction arises endogenously, and simply assumes a decentralized, bilateral exchange process. However, endogenizing the organization of trade is critical for understanding the conditions that lend themselves to the...
Persistent link: https://www.econbiz.de/10011518683
together rather than investing separately. We study the coordination and cooperation problems that might hinder successful … collaboration in a dynamic network setting. We develop an experiment in which coordination problems are mainly due to finding … collaborate. The results show that as costs of forming links increase, groups succeed less often in solving the coordination …
Persistent link: https://www.econbiz.de/10008682975
the most rewarding alternative is the one chosen by a single player. This coordination game has many asymmetric equilibria …
Persistent link: https://www.econbiz.de/10009293459
In a recent paper, we analyzed the self-assembly of a complex cooperation network. The network was shown to approach a state where every agent invests the same amount of resources. Nevertheless, highly-connected agents arise that extract extraordinarily high payoffs while contributing comparably...
Persistent link: https://www.econbiz.de/10009653074