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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
donors have, the more scope there is for coordination failure. Therefore improving information is particularly important when …
Persistent link: https://www.econbiz.de/10014072257
equilibrium arbitrarily closely as the discount factor approaches one. This resolves the coordination problem which is prevalent …
Persistent link: https://www.econbiz.de/10014065980
coordination is shown to obtain even when the relevant coordination game is not mutual knowledge. In the model investigated a …
Persistent link: https://www.econbiz.de/10014141083
In the Email Game (Rubinstein, AER 89) noisy information channels may prevent efficient coordination, even when the … purely mixed Nash equilibrium strategy of one of the two coordination games to be played. This is because, conditional to …
Persistent link: https://www.econbiz.de/10014141087
characterize the set of equilibria of coordination games with pre-play communication in which players have private preferences over …
Persistent link: https://www.econbiz.de/10013210917
aggregate action in the presence of coordination motives. I consider situations in which every agent would like to take an … sentiments in the sense that their beliefs about the state can be biased in opposite directions. Before the coordination game is … population can jointly make a more efficient decision, especially when the coordination motive is strong but little is known …
Persistent link: https://www.econbiz.de/10013296974
I study a two-player continuous-time dynamic coordination game with observational learning. Each player has one … through delayed investment and disinvestment over time. More precise signals lead to faster coordination conditional on …
Persistent link: https://www.econbiz.de/10013297091
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