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Endogenous Homophily and Segregation in Networks : When Birds of a Feather (Don’t) Necessarily Flock Together

Sommer, Marc - 2021

the emerging network, and in particular its segregation pattern. A special case of the strategic game represents one …

Persistent link: https://www.econbiz.de/10013220345

Socially optimal coordination: Characterization and policy implications

Angeletos, George-Marios; Pavan, Alessandro - 2006

relation between the equilibrium and the socially optimal degrees of coordination. The former summarizes the private value from …

Persistent link: https://www.econbiz.de/10010282908

Efficient use of information and social value of information

Angeletos, George-Marios; Pavan, Alessandro - 2006

This paper analyzes equlibrium and welfare for a tractable class of economies (games) with externalities, strategic complementarity or substitutability, and heterogenous information. First, we characterize the equilibrium use of information; complementarity heightens the sensitivity of...

Persistent link: https://www.econbiz.de/10010282995

Attention, coordination and bounded recall

Pavan, Alessandro - 2014

I consider a flexible framework of strategic interactions under incomplete information in which, prior to committing their actions (consumption, production, or investment decisions), agents choose the attention to allocate to an arbitrarily large number of information sources about the primitive...

Persistent link: https://www.econbiz.de/10010476378

Social Learning with Coordination Motives

Song, Yangbo - 2019

We study observational learning among agents with coordination motives. On a discrete time line, communities of agents … observations are correlated, coordination motives inevitably lead to herding even when private beliefs are unbounded; when …

Persistent link: https://www.econbiz.de/10012894476

Socially Optimal Coordination: Characterization and Policy Implications

Angeletos, George-Marios; Pavan, Alessandro - Center for Mathematical Studies in Economics and … - 2006

relation between the equilibrium and the socially optimal degrees of coordination. The former summarizes the private value from …

Persistent link: https://www.econbiz.de/10008597115

Coordination, Competition for Attention, and Information Supply

Galperti, Simone - 2017

information suppliers compete for it. We examine how the dual role of information sources as learning and coordination devices …

Persistent link: https://www.econbiz.de/10012967731

Contracts and Externalities : How Things Fall Apart

Genicot, Garance; Ray, Debraj - 2003

provision to agents when coordination failure among the latter group is explicitly ruled out. Two variants are studied. When the …

Persistent link: https://www.econbiz.de/10014074357

Heterogeneous Focal Points, Fairness, and Coordination

López-Pérez, Raúl - Departamento de Análisis Económico: Teoría … - 2007

players but not for others, and players can be aware of this heterogeneity. This paper theoretically explores how coordination … number of players and available strategies matter for coordination. The model is compared with alternative equilibrium …

Persistent link: https://www.econbiz.de/10005600508

The effect of endogenous timing on coordination under asymmetric information: An experimental study

Brindisi, Francesco; Çelen, Boğaçhan; Hyndman, Kyle - In: Games and Economic Behavior 86 (2014) C, pp. 264-281

This paper investigates the role of endogenous timing of decisions on coordination under asymmetric information. In the … equilibrium of a global coordination game, where players choose the timing of their decision, a player who has sufficiently high … coordination: a learning effect (early decisions reveal information) and a complementarity effect (early decisions eliminate …

Persistent link: https://www.econbiz.de/10011049850