This study experimentally investigates the role of two-sided cheap talk in decisions under asymmetric information. Unlike previous studies, our study also considers endogenous investment timing. In our experiments, subjects play two-player global games with asymmetric information. Before making...

Both excludable public goods with non-rivalry and private goods with network externalities have a coordination problem.In this study, we define generalized non-rivalry to investigate coordination mechanisms for both types of goods.We focus on the equal cost-sharing with maximal participation...

We hypothesised that people and companies non-anonymously donate to signal their intention to cooperate with observers; consequently, non-anonymous donation works as a coordination device between donors and observers. To test this, we conducted a laboratory experiment where a participant...

We consider the problem of adjudicating conflicting claims in the context of a variable population. A property of rules is "lifted" if whenever a rule satisfies it in the two-claimant case, and the rule is bilaterally consistent, it satisfies it for any number of claimants. We identify a number...

We consider the problem of adjudicating conflicting claims in the context of a variable population. A property of rules is "lifted" if whenever a rule satisfies it in the two-claimant case, and the rule is bilaterally consistent, it satisfies it for any number of claimants. We identify a number...

The Dutta-Ray solution and the Shapley value are two well-known examples of population-monotonic solutions on the domain of convex games. We provide a new formula for the Dutta-Ray solution from which population-monotonicity immediately follows. Then we define a new family of...