proposed contagion mechanism applies generally in global coordination games and can also be applied to bank runs, sovereign …

fundamentals, we show that a coordination failure in the first market reduces investors' wealth, which makes them more likely to …

action affects the payoff from coordination. The coordinating players' actions can be based on a sunspot state, which, unlike … sunspots, combined with the action of the regime defender, can be used to derive a unique coordination probability in any …

This paper provides a formal analysis on the investment coordination problem in a vertically separated electricity … decisions of network and power plants need to be coordinated. In unbundled markets, firm-internal coordination no longer applies …. We develop a formal approach to examine whether sim- ple information exchange ("cheap talk") could restore coordination …

conventional coordination, where subjects bet on only one alternative, subjects coordinate by the distribution of points. This … coordination. The data confirms the theoretical predictions regarding coordination behavior and demonstrates that the proposed … ordinary coordination. Finally, we point to the possibility to use the mechanism as a simple and direct tool to measure the …