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behavior with a coordination game. Accordingly, we construct a simultaneous incomplete information game model of charitable … giving based on a simple global coordination game. We demonstrate that merely by the effect of seed money to shift the … ; seed money ; global game ; coordination game ; excludable threshold public good …
Persistent link: https://www.econbiz.de/10003921744
costly guard level with the goal of avoiding breakouts. Successful breakouts require coordination among prisoners. We show …
Persistent link: https://www.econbiz.de/10013014971
costly guard level with the goal of avoiding breakouts. Successful breakouts require coordination among prisoners. We show …
Persistent link: https://www.econbiz.de/10013015698
equilibrium in symmetric (2 x 2) coordination games. Because the need to coordinate exposes players to strategic risk, we treat …
Persistent link: https://www.econbiz.de/10012838305
other agents' actions, leading to coordination failure. We conducted a laboratory experiment to study the effects of public … information precision and strategic complementarity on coordination failure. Information precision is operationalized in terms of … likelihood of coordination failure and decreases coordination efficiency when public information is pessimistic about future …
Persistent link: https://www.econbiz.de/10012957638
coordination motive, ending up in the undervalueing of public information. We show, in the context of a delegation game, how firm … managers. By doing so, they also enhance the managers' concern for coordination and consequently heighten the weight put on …
Persistent link: https://www.econbiz.de/10012904447
coordination game. In any symmetric equilibrium, players choose to over-estimate the precision of their information. Players …
Persistent link: https://www.econbiz.de/10012827032
This paper develops a framework for coordination games that accounts for the role of competition. When crowding out is … statics with respect to the substitutability feature. The model highlights the impact of competition in coordination games …
Persistent link: https://www.econbiz.de/10012869174
other agents' actions, leading to coordination failure. We conducted a laboratory experiment to study the effects of public … information precision and strategic complementarity on coordination failure. Information precision is operationalized in terms of … likelihood of coordination failure and decreases coordination efficiency when public information is pessimistic about future …
Persistent link: https://www.econbiz.de/10013004489
This paper studies a coordination game with incomplete information and the option to delay. The delay option enables … good news, and consequently induce more coordination. Relying on this trade-off, we find the unique monotone equilibrium …, which features the inability of the delay option in facilitating coordination. If the waiting period is sufficiently short …
Persistent link: https://www.econbiz.de/10013219112