In a coordination game with Pareto-ranked equilibria, we study whether a sunspot can lead to either coordination on an … inferior equilibrium (mis-coordination) or to out-of equilibrium behavior (dis-coordination). While much of the literature … searches for mechanisms to attain coordination on the efficient equilibrium, we consider sunspots as a potential reason for …

Successful coordination is key for economic and societal wealth. The rich literature on the minimum-effort game (MEG …) has provided valuable insights into coordination, both theoretically and empirically. Yet, although real-world scenarios … often involve asymmetric benefits and/or costs from coordination, most previous studies rely on symmetric MEGs. We …

interaction. Effective reputation systems can increase trust and may improve efficiency in market settings. In recent years … reduces efficiency. We find that feedback manipulation generally decreases the reliability of average ratings in comparison to … 15 reliable, expectations are lower and both cooperation and efficiency are significantly reduced. When there are costs …