coordination. In a fixed interaction treatment, a vast majority of subjects quickly coordinates on the inefficient outcome. In a …

coordination device. The coordination power of sunspots has been analysed in theory and in experiments. However, some have … discussed whether sunspots, e.g., public announcements such as financial market ratings, can create coordination problems. That … forecast, trigger coordination problems? To answer that, we use a repeated three-player stag hunt game with fixed groups. In …

The coordination plays central role in the economics. The conventional economic theory looks at the market and … enterprise (or hierarchy) as two different, separated manner of coordination of economic goods and services. However the modern … several types of hybrid forms) of coordination (or governance structure) necessarily live together in the current economic …

This paper analyzes the coordination challenge a partial cartel faces when payoff asymmetries between potential cartel …

This paper provides experimental evidence on the formation of partial cartels with endogenous coordination. Firms face … a coordination challenge when a partial cartel is to be formed as every firm is better off if it is not inside the …

so, leading to coordination motives and multiple equilibria. Switching between equilibria implies liquidity jumps and …

This contribution shows that high-efficiency coordination via strategy sorting is possible even within a modest number … mechanisms to enhance coordination on high-efficiency equilibria, i.e. making them more “attractive” relative to lower efficiency …

This paper provides experimental evidence on the formation of partial cartels with endogenous coordination. Firms face … a coordination challenge when a partial cartel is to be formed as every firm is better off if it is not inside the …

The paper analyzes the problem of protocol coordination between two firms, where one firm has private information about …