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experiment. Using cognitive types, we can explain coordination failure in pure coordination games while differentiating between … coordination failure due to first- and higher-order beliefs. In our experiment, around 76% of the subjects have chosen the payoff …We investigate the effect of absence of common knowledge on the outcomes of coordination games in a laboratory …
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Social motives are frequently used to explain deviations from selfishness in non-strategic settings such as the Dictator Game. Previous research has mainly focused on two-player games; the workings of social motives in multiplayer Dictator Games are less well understood. A core feature of...
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This paper provides a formal analysis on the investment coordination problem in a vertically separated electricity … decisions of network and power plants need to be coordinated. In unbundled markets, firm-internal coordination no longer applies …. We develop a formal approach to examine whether sim- ple information exchange ("cheap talk") could restore coordination …
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conventional coordination, where subjects bet on only one alternative, subjects coordinate by the distribution of points. This … experiment on the elicitation of social norms (Krupka and Weber, 2013), we compare the proposed mechanism with conventional … coordination. The data confirms the theoretical predictions regarding coordination behavior and demonstrates that the proposed …
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International economic sanctions have become increasingly important as alternatives to military conflict since the end of the Cold War. This chapter surveys various approaches to the study of economic sanctions in both the economics and international relations literatures. Sanctions may be...
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finds that without explicit coordination mechanisms most hours result in incentives for non-cooperative outcomes, with only …
Persistent link: https://www.econbiz.de/10014584657