Showing 1 - 10 of 7,802
The electronic mail game of Rubinstein (1989) showed that a lack of common knowledge generated by faulty communication …
Persistent link: https://www.econbiz.de/10005751126
We study coordination in dynamic global games with private learning. Players choose whether and when to invest … tolerant of non-simultaneous coordination. We also identify conditions under which players coordinate on the risk …
Persistent link: https://www.econbiz.de/10011049831
communication can make coordinated action impossible. This paper shows how this conclusion is robust to having a more realistic …
Persistent link: https://www.econbiz.de/10014588983
We study communication in a two-player coordination game with Pareto-ranked equilibria. Prior research demonstrates … that efficient coordination is difficult without communication but obtains regularly with (mandatory) costless pre … communication. Consistent with the introspective character of GW-FI, the fraction of players who achieve efficient coordination by …
Persistent link: https://www.econbiz.de/10010402605
, using rules and task guidelines, and ex post coordination, using communication and broad job assignments. It shows that: (i …This paper endogenizes coordination problems in organizations by allowing for both ex ante coordination of activities … coordination. In particular, specialization is often non-monotonic in the importance of coordination. (ii) Organizations exhibit …
Persistent link: https://www.econbiz.de/10005497860
-unit managers’ authority. Realizing synergies then involves a tradeoff between motivation and coordination. Motivating managers …
Persistent link: https://www.econbiz.de/10005114409
This paper begins with contested issues among various approaches to institutions and seeks an analytical/conceptual framework for integrating them. Based on fundamental studies of knowledge theory and epistemic game theory, it discusses the role of institutions in substantive forms as societal...
Persistent link: https://www.econbiz.de/10010576969
Persistent link: https://www.econbiz.de/10011903543
Making use of and following substantive rationality is a costly and not always feasible option. In games, this option generates two levels of reasoning. The player has to decide how to play the overt game, but this requires him to decide how to play an underlying game in which the alternatives...
Persistent link: https://www.econbiz.de/10010786828
We develop an approach to providing epistemic conditions for admissible behavior in games. Instead of using lexicographic beliefs to capture infinitely less likely conjectures, we postulate that players use tie-breaking sets to help decide among strategies that are outcome-equivalent given their...
Persistent link: https://www.econbiz.de/10011049856