Bayesian learning and quantal response equilibrium (QRE) - above all in complex environments with many possible actions. …

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 …

coordination necessary to transact online, making it a timely invention in the age of progressing digitalization and increasing … interest in the coordination aspect of the contract scholarship. The aim of this conceptual paper is to model blockchain as a … coordination mechanism for online transactions. Three key aspects of coordination with blockchains are identified and examined – (1 …

transformed into a coordination problem that is much easier to deal with (Barrett, 2013). This holds in particular if the amount … a multiplicity of equilibria in this coordination problem, the assumption that outsiders will always successfully …