Romero, Julian - In: Journal of Economic Behavior & Organization 111 (2015) C, pp. 88-105
widely used minimum-effort coordination game has served as a simplified model to better understand this problem. This paper … first presents theoretical results that give conditions under which the minimum-effort coordination game exhibits hysteresis … game. For example, the experiments show that when cost c=0.5 in the minimum-effort coordination game, there is …