We consider a model of stochastic evolution in symmetric coordination games with K>=2 strategies played by myopic …

linking constraint and the marginal payoff from coordination. A restrictive linking constraint or a large marginal payoff from … coordinating on the maximum effort promotes efficient coordination. Even if these conditions are not satisfied, players need not to …

characterize the set of equilibria of coordination games with pre-play communication in which players have private preferences over …

game is not necessarily known by subjects a priori, which serves to highlight the additional coordination problem that is … a random device is more useful as a coordination mechanism when subjects are randomly matched. When subjects are in …

We apply the dynamic stochastic framework proposed in recent evolutionary literature to a class of coordination games …

We build a dynamic global game in which players repeatedly face a similar coordination problem. By choosing a risky … therefore harder to coordinate on, which decreases today’s payoff. Expectation of successful coordination tomorrow undermines … successful coordination today which leads to fluctuations of equilibrium behavior even if the underlying economic fundamentals …

the most rewarding alternative is the one chosen by a single player. This coordination game has many asymmetric equilibria …

This paper studies the impact of continuous time interaction on two iconic coordination games: stag hunt and battle of … alternating dynamics in battle of the sexes games. Furthermore, the coordination rate is affected by complexity of action sets and …