Showing 91 - 100 of 13,400
Considering a pure coordination game with a large number of equivalent equilibria, we argue, first, that a focal point … two new roles of focal points as coordination devices …
Persistent link: https://www.econbiz.de/10012724999
Persistent link: https://www.econbiz.de/10012309893
Persistent link: https://www.econbiz.de/10012244589
Persistent link: https://www.econbiz.de/10011990072
Persistent link: https://www.econbiz.de/10011700254
We explore in an equilibrium framework whether games with multiple Nash equilibria are easier to play when players can communicate. We consider two variants, modelling talk about future plans and talk about past actions. The language from which messages are chosen is endogenous, messages are...
Persistent link: https://www.econbiz.de/10011345781
Persistent link: https://www.econbiz.de/10010489075
We study a coordination game among agents on a network, who choose whether or not to take an action in an uncertain … equilibrium partitions (coordination sets) and thresholds using the primitives of the model. We show that there is a single … coordination set if and only if the network is balanced, i.e., the average degree of each subnetwork is no larger than the average …
Persistent link: https://www.econbiz.de/10012900481
Persistent link: https://www.econbiz.de/10014251752
This paper extends the recent literature on equilibria with coordination failures to arbitrary convex sets of …
Persistent link: https://www.econbiz.de/10014068262