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We study the simultaneous move version of a coordination game in which failures arise due to the use (and fear) of … weakly dominated strategies. Existing evidence shows neither cheap talk communication between players nor historical …-talk communication. We find oath significantly improves the truthfulness of messages sent, as well as helps eliminating weakly dominated …
Persistent link: https://www.econbiz.de/10013113768
coordination, the number of signals they acquire may decrease in the number released. The optimal quantity of communication is … useful information and the risk of overwhelming it with excessive communication. An information authority chooses how many …
Persistent link: https://www.econbiz.de/10013103059
This paper proposes a new communication protocol in coordination games with binary actions and Pareto-ranked equilibria … the payoff-dominant action in the second period if and only if everyone else waited. That is, efficient coordination is … introduction of the delay option significantly promotes efficient coordination …
Persistent link: https://www.econbiz.de/10012838087
Within-group communication in competitive coordination games has been shown to increase competition between groups and … lower efficiency. This study further explores potentially harmful effects of communication, by addressing the questions of … (i) asymmetric communication and (ii) the endogenous emergence of communication. Our theoretical analysis provides …
Persistent link: https://www.econbiz.de/10012970700
We study the impact of communication on behavior in a two-stage coordination game with asymmetric payoffs. We test … sustain coordination over time and alleviate the inequality induced by the asymmetry of payoffs. Third, communication …
Persistent link: https://www.econbiz.de/10013024891
We study the impact of communication on behavior in a two-stage coordination game with asymmetric payoffs. We test … sustain coordination over time and alleviate the inequality induced by the asymmetry of payoffs. Third, communication …
Persistent link: https://www.econbiz.de/10013024900
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