Within-group communication in competitive coordination games has been shown to increase competition between groups and …

fundamental and strategic uncertainty. I find that market does not improve coordination because the expectation that coordination … failures will occur is self-fulfilling, while cheap talk improves coordination because the signals of willingness to invest …

fundamental and strategic uncertainty. I find that market does not improve coordination because the expectation that coordination … failures will occur is self-fulfilling, while cheap talk improves coordination because the signals of willingness to invest …

talk is one-way as the truthful reports facilitate desired coordination. …